N.Ram Mohan v. Aditya Birla Housing Finance Limited
Case brief
What is this about?
Petitioner challenged the legality of a possession notice issued under the SARFAESI Act. The court directed the petitioner to pursue statutory remedies under Section 17 and offered a stay condition subject to a 15% deposit of outstanding dues.
What did the court decide?
No order as to costs; petitioner to deposit 15% of dues for stay.