M/S. Cross Country Hotels Ltd vs Tourism Finance Corpn.Of India ...

The Supreme Court set aside the ex-parte order of the Rajasthan High Court regarding the possession of property under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court held that the High Court's order was made without proper jurisdiction and mandated that both parties be given an opportunity to be heard. The appeal was disposed of with directions for the High Court to rehear the matter expeditiously, preferably within three weeks.