OASIS DEALCOM PVT. LTD. vs KHAZANA DEALCOMM PVT.LTD. .

The Supreme Court upheld the dismissal of the appellant's revision petition under Article 227 of the Constitution, affirming the Debt Recovery Appellate Tribunal's order regarding the enforcement of security interest under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court clarified that the bank's actions in taking symbolic possession were in accordance with the Act and the relevant rules, rejecting the appellant's claims of illegality and lack of jurisdiction. The appeal was dismissed, confirming the legality of the bank's possession notice.