https://www.taxtmi.com/caselaws?id=350078 The court upheld the respondent-bank's actions under the SARFAESI Act and RDDB Act, allowing simultaneous pursuit of remedies under both Acts. It dismissed claims of RBI guideline violations on the OTS scheme, denied the petitioners' request for proportionate property release, and rejected arguments on title deeds and auction prices. The court found the petitioners' actions obstructive and lacking bona fides, dismissing the writ petitions and imposing costs of Rs. 25,000 on each petitioner to be paid to the respondent-bank within four weeks. en-us Fri, 22 Sep 2017 00:00:00 +0530 Sat, 28 Oct 2017 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350078 The court upheld the respondent-bank's actions under the SARFAESI Act and RDDB Act, allowing simultaneous pursuit of remedies under both Acts. It dismissed claims of RBI guideline violations on the OTS scheme, denied the petitioners' request for proportionate property release, and rejected arguments on title deeds and auction prices. The court found the petitioners' actions obstructive and lacking bona fides, dismissing the writ petitions and imposing costs of Rs. 25,000 on each petitioner to be paid to the respondent-bank within four weeks. Case-Laws Indian Laws Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350078