filed by the prosecution along with
final report showing the value of assets, income, expenses
etc., do not have any factual basis or foundation ... different assets including buildings was not
properly done, I find that the prosecution in this case has
failed to prove convincingly or beyond reasonable doubt
PETITION FILED UNDER SECTION 14 OF THE SECURITIZATION
AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF
SECURITY INTEREST ACT.
P4 : COPY OF THE ORDER ... secured asset, there was no
justification in deferring the implementation of the said order to a
later date and that too beyond three months from
possession of the
secured asset.
2. The main contention urged by the petitioners is that
proceedings had been initiated beyond the period of limitation
Annexure E dated
30.12.2010. The said order goes beyond the period of
limitation, is the specific contention raised.
4. The learned Counsel for the appellant ... from the date on which the books of accounts or
documents or assets seized or requisitions, are handed
over under Section 153C
assets at any time at his
risk and cost. The loss if any caused on account of the re-sale of the
assets will ... instant case, Clause 8(g) of Anx.A makes it clear beyond any doubt
that the tenderer, whose offer is accepted, had to deposit
power by the learned single Judge
in reviewing the judgment dated 05.06.2009 beyond
the provisions of Order XLVII of the Code of Civil
Procedure ... properties of the guarantors, the
company who is the borrower has sufficient assets
which are mortgaged in favour of the bank and that
the same
classified by the bank as non-performing
asset and proceedings have been initiated against the
secured assets for realization of the outstanding in the
loan ... account under the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest
Act, 2002 (the Act). The petitioner is aggrieved by the
said
been initiated by the bank under the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (the Act) for
realisation ... instalments of the loans by the petitioner was due to
reasons beyond his control and not wilful and that if a
reasonable time is granted
been initiated by the bank under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002 (the Act) for realisation ... instalments
of the loan by the petitioner was due to reasons beyond his
control and not wilful and that if a reasonable time is granted
loan as agreed. Consequently, proceedings under the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (the Act) have
been initiated ... instalments of the loan by the petitioners was due
to reasons beyond their control and not wilful and that
