Dismissed
Pradeep Khandelwal M/S Pradeep Traders v. Punjab National Bank
Rajasthan HCCW/1938/2022
Case brief
AI extract
What is this about?
The Rajasthan High Court dismissed a writ petition challenging an auction notice under the SARFAESI Act, 2002. The Court held that the petitioner has an alternative remedy before the Debts Recovery Tribunal and no case for interference under Article 226 was made out, despite prior deficiency. The petition was disposed of on merits due to non-removal of defects.
What did the court decide?
The writ petition stands dismissed with merit. The auction notice remains in force pending proceedings before the Debts Recovery Tribunal.