2013 (3) TMI 776 - HC - Companies Law

Summary

The High Court of Calcutta dismissed a writ petition challenging a notice issued under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The court ruled that the petition was misconceived as borrowers must first respond to the notice before questioning the jurisdiction of the authorized officer. The court cited relevant Supreme Court decisions and dismissed the writ petition without costs.