PUNJAB NATIONAL BANK vs M/S IMPERIAL GIFT HOUSE .

The Supreme Court held that the High Court erred in entertaining a writ petition against the notice issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court emphasized that the proper procedure under Section 13(3)(A) and subsequent actions under Section 13(4) must be followed before seeking judicial intervention. Consequently, the appeal was allowed, the High Court's order was set aside, and the writ petition was dismissed.