Dismissed
M/s. Kiran Engineers v. State Bank of India
Telangana HCWP/11467/2003
Case brief
AI extract
What is this about?
This order dismisses a writ petition challenging the validity of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, after the Supreme Court upheld the Act in Mardia Chemicals Ltd. v. Union of India.
What did the court decide?
Petitioner at liberty to approach Debts Recovery Tribunal under Section 17 of the 2002 Act via appeal within one month without limitation plea.