https://www.taxtmi.com/caselaws?id=340120 A notified co-operative bank may invoke the SARFAESI framework because the statutory definition of "bank" includes banks notified by the Central Government, and the notified inclusion of co-operative banks authorises action under Section 13. The petitioner was also denied discretionary writ relief because material facts about the loan and recovery steps were suppressed and the conduct was inconsistent with clean hands. As a result, the challenge to the possession notice failed and the bank's recovery proceedings remained undisturbed. en-us Thu, 12 Jan 2017 00:00:00 +0530 Wed, 15 Mar 2017 21:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340120 A notified co-operative bank may invoke the SARFAESI framework because the statutory definition of "bank" includes banks notified by the Central Government, and the notified inclusion of co-operative banks authorises action under Section 13. The petitioner was also denied discretionary writ relief because material facts about the loan and recovery steps were suppressed and the conduct was inconsistent with clean hands. As a result, the challenge to the possession notice failed and the bank's recovery proceedings remained undisturbed. Case-Laws Indian Laws Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340120