https://www.taxtmi.com/caselaws?id=336916 The High Court of Madhya Pradesh upheld the order directing the bank to refund the surplus amount to the guarantor along with interest. The court dismissed the writ appeal, emphasizing that the bank could not retain the surplus amount using the general lien provision and that the Recovery Officer had exclusive jurisdiction in debt recovery proceedings under the SARFAESI Act, 2002. en-us Wed, 07 Dec 2016 00:00:00 +0530 Sat, 31 Dec 2016 13:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336916 The High Court of Madhya Pradesh upheld the order directing the bank to refund the surplus amount to the guarantor along with interest. The court dismissed the writ appeal, emphasizing that the bank could not retain the surplus amount using the general lien provision and that the Recovery Officer had exclusive jurisdiction in debt recovery proceedings under the SARFAESI Act, 2002. Case-Laws Indian Laws Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336916