Girish Sangappa Jaggal vs Union Of India Ministry Of Finance ...

The Supreme Court addressed the jurisdictional issue regarding the enforcement of recovery under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, in the context of a cooperative bank. The Court held that it is in the interest of the petitioner to expedite the recovery process by directing the bank to first proceed against the initial two properties listed in Schedule 'B' before considering the sale of the fourth property. The Court also imposed a condition preventing the petitioner from initiating further litigation regarding the sale process without prior permission, to facilitate a resolution.