M/s Radhika Rice Industries, v. State Bank of India
Case brief
What is this about?
In this writ petition challenging the bank's demand for total loan payment under the SARFAESI Act, the Acting Chief Justice held that the matter should be decided by the Debts Recovery Tribunal. The Court disposed of the petition by permitting the petitioner to apply before the DRT for redressal.
What did the court decide?
Writ petition disposed of by permitting the petitioner to apply before the Debts Recovery Tribunal for redressal of grievance.