Sarvesh Bansal & Anr vs Union Of India & Ors

The Supreme Court dismissed the petition challenging the notice issued under Section 13(2) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) by Rupee Co-op Bank Ltd., as the notice was withdrawn by the Bank. The Court held that since the grievance no longer existed due to the withdrawal, the petition was rendered moot. Consequently, the ad-interim relief previously granted was vacated, and no costs were awarded.