Dismissed
M/s.Sowbhagya Tailoring Centre, rep., by its Partner v. Union of India rep., by Secretary
Telangana HCWP/1322/2004
Case brief
AI extract
What is this about?
The court dismissed a writ petition challenging the validity of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, holding that the matter does not survive after the Supreme Court upheld the Act's legislative validity in Mardia Chemicals.
What did the court decide?
Petitioners at liberty to approach the Debts Recovery Tribunal by way of appeal under Section 17 of the 2002 Act within one month without limitation plea.