https://www.taxtmi.com/caselaws?id=338955 The Court dismissed the writ petition challenging the validity of loan documents and seeking regularisation of the loan account exceeding the sanctioned limit. The Court held that the petitioner, a seafood business company, was not entitled to relief as all accounts had become non-operational NPAs. Despite an interim order for payment compliance, the Bank proceeded with possession of secured assets due to substantial outstanding amounts. The Court declined interference in contractual obligations, allowing the Bank to proceed under the SARFAESI Act for recovery without hindrance. en-us Tue, 29 Nov 2016 00:00:00 +0530 Thu, 16 Feb 2017 07:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338955 The Court dismissed the writ petition challenging the validity of loan documents and seeking regularisation of the loan account exceeding the sanctioned limit. The Court held that the petitioner, a seafood business company, was not entitled to relief as all accounts had become non-operational NPAs. Despite an interim order for payment compliance, the Bank proceeded with possession of secured assets due to substantial outstanding amounts. The Court declined interference in contractual obligations, allowing the Bank to proceed under the SARFAESI Act for recovery without hindrance. Case-Laws Indian Laws Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338955