Amarvadi Shyam Sundar v. The Union of India
Case brief
What is this about?
The court dismissed a writ petition challenging a bank's alleged inaction in regularising a loan account. It held that aggrieved parties must seek remedies under Section 17 of the SARFAESI Act in the Debts Recovery Tribunal rather than warranting immediate judicial interference.
What did the court decide?
The writ petition for declaring the bank's inaction arbitrary and illegal was disposed of. No costs.