Katakam Rajeshwar v. The State Bank of India
Case brief
What is this about?
The petitioner challenged a symbolic possession notice issued under Section 13(4) of the Securitisation Act, alleging violation of procedural mandates. The High Court held that the matter is more suitable for adjudication by the Debts Recovery Tribunal. The writ petition was dismissed with permission to apply before the DRT.
What did the court decide?
Writ petition dismissed; permission granted to apply to the Debts Recovery Tribunal for redressal. No costs.