KANAIYALAL LALCHAND SACHDEV vs STATE OF MAHARASHTRA .

The Supreme Court upheld the High Court's dismissal of the writ petition filed by the appellants against the State Bank of India regarding the possession of mortgaged properties under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court clarified that the bank's actions were in accordance with Section 13(2) and Section 14 of the Act, and that the appellants were properly dispossessed following due process. The Court affirmed the legality of the bank's notice and the subsequent orders of the Chief Metropolitan Magistrate, thereby dismissing the appeals.