Indu Chawla v. Uco Bank
Case brief
What is this about?
Indu Chawla v. UCO Bank & Ors., S.B. Civil Writ Petition No. 2249/2025 (neutral citation [2025:RJ-JD:6624]), decided 03/02/2025 by Vinit Kumar Mathur, J., High Court of Judicature for Rajasthan at Jodhpur. Consent-based disposal granting a housing-loan borrower time till 31.03.2025 to deposit the entire loan amount; interim restraint on pending SARFAESI Act, 2002 proceedings; liberty reserved to the Bank on default, from the stage of Section 13(8) notice. Keywords: SARFAESI Act 2002, Section 13(8) notice, housing loan repayment, time to pay, writ petition disposed, UCO Bank Sriganganagar.
What did the court decide?
Time up to 31.03.2025 granted to the petitioner to deposit the entire housing loan amount; respondents restrained from proceeding with the pending SARFAESI Act, 2002 proceedings until then; on failure, respondents at liberty to continue those proceedings strictly in accordance with law, from the stage of issuance of notice under Section 13(8).