2017 (8) TMI 1015

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..... this litigation by extending an equitable treatment to the petitioner debtor. Accordingly, this writ petition is disposed of directing Respondent No.2 to first proceed against the first two items described in Schedule “B” (Annexure P-2) and in case still the liabilities are not wiped out they may proceed against the fourth item. We make it clear that before taking recourse to the sale of the fo .....

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..... eved by the steps taken for recovery of the dues to Respondent No.2/Bank. One of the main contentions taken is regarding the jurisdiction for initiating steps under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, since the Bank is a cooperative Bank. In view of the huge dues, this Court enquired as to whether the petitioner would be in a po .....

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..... this litigation by extending an equitable treatment to the petitioner debtor. 5. Accordingly, this writ petition is disposed of directing Respondent No.2 to first proceed against the first two items described in Schedule B (Annexure P-2) and in case still the liabilities are not wiped out they may proceed against the fourth item. We make it clear that before taking recourse to the sale of th .....

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