Supreme Court of India · 2021-12-15
THE BIJNOR URBAN COOPERATIVE BANK LIMITED vs MEENAL AGARWAL
- Citation / case number
- SC 2021/21367
- Court
- Supreme Court of India
- Petitioner
- THE BIJNOR URBAN COOPERATIVE BANK LIMITED
- Respondent
- MEENAL AGARWAL
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MR. JUSTICE SANJIV KHANNA HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the appeal concerning the High Court's order allowing a writ petition related to a loan default case. The court examined the applicability of the SARFAESI Act in the context of non-performing assets (NPA) and the rights of the bank to initiate recovery proceedings. The appeal was dismissed, affirming the High Court's decision to permit the writ petition, thereby allowing the borrower to contest the bank's actions.