2015 (3) TMI 370

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..... t pursuant to orders obtained and by procedure established by law. It appears that at least one partner of the principal borrower firm had instituted proceedings in this Court which culminated in the bank being permitted to take steps in accordance with the orders passed by the Magistrate under Section 14 of the said Act of 2002. No law nor any fact of any relevance has been cited in this petition .....

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..... stall the respondent bank from exercising its rights under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. By some convoluted logic, which should not be given any degree of respectability by being noticed in detail, the petitioner refers to the definition section of the 2005 Act and to sections 17, 19 and 27 thereof to suggest that the pet .....

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..... orders obtained and by procedure established by law. It appears that at least one partner of the principal borrower firm had instituted proceedings in this Court which culminated in the bank being permitted to take steps in accordance with the orders passed by the Magistrate under Section 14 of the said Act of 2002. No law nor any fact of any relevance has been cited in this petition for the C .....

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