Smt. Sarikonda Udaya Laxmi v. The District Co-operative Central Bank Ltd.
Case brief
What is this about?
This High Court disposed of four writ petitions challenging an auction notice issued by a cooperative bank for non-payment of a loan. The court directed the bank to provide account details and ordered petitioners to deposit the balance. Postponed hearings resulted in the bank accepting a one-time settlement, which the court recorded.
What did the court decide?
Directed the Deputy Registrar to furnish a detailed account statement; directed petitioners to deposit the balance amount and 5% increment of the auction bid within four months.