M/S. Ormi Textiles & Anr vs State Of U.P. & Ors

The Supreme Court interpreted Section 29 of the State Financial Corporations Act, 1951, addressing the legality of a notice issued for the sale of mortgaged property. The Court held that the appellant's challenge to the notice was not maintainable as the High Court had previously allowed the appellant to make payments under the same proceedings. The Court affirmed the High Court's dismissal of the writ petition, emphasizing the need for adherence to procedural requirements in financial recovery actions.