Allowed
M/s. Sree Sree Srinivas Constructions v. Ms. H.D.B. Financial Services Ltd.
Telangana HCWP/14623/2019
Case brief
AI extract
What is this about?
The Supreme Court allowed a writ petition challenging a notice of sale of secured assets issued by H.D.B. Financial Services Limited. The notice was quashed for deviation from the mandatory format in Appendix-IV-A of the amended Security Interest (Enforcement) Rules, 2002.
What did the court decide?
The impugned auction notice dated 15.06.2019 was set aside, but the respondent was permitted to initiate fresh proceedings in accordance with the due procedure.