Supreme Court of India
Kotak Mahindra Bank Limited v. Narendra Jayantilal Trivedi & Anr.
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What the Court ordered
In view of the above and for the reasons stated above, the Civil Appeal arising out of SLP (C) No. 2228/2022 is disposed of as having become infructuous.
Judgment, page 16
From the headnote
Administration of Justice – Abuse of Process of Law – Debts Due to Banks and Financial Institutions Act, 1993 – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Held: One after another, a number of proceedings were initiated by respondent No.1 by which he has delayed the proceedings initiated by the bank under the SARFAESI Act to recover the amount due and payable since 1986 and has stalled the recovery proceedings – In spite of the strong observations made by the adjudicating authority in the earlier order re-produced by the Single Judge…
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