Allowed
Ragidi Laxma Reddy, v. Hdfc Bank
Telangana HCWP/38864/2013
Case brief
AI extract
What is this about?
The Supreme Court held that under Section 13(3A) of the SARFAESI Act, a bank must consider borrower objections within fifteen days. It directed the bank to consider the petitioners' objections and cease further steps under the impugned notice.
What did the court decide?
Directive for respondent Bank to consider petitioners' objections and pass an appropriate order under Section 13(3A) of the SARFAESI Act; prohibitory stay on further steps until compliance.