https://www.taxtmi.com/caselaws?id=306053 The Court allowed the petition, quashing the respondent-Bank's actions to cancel the restructuring sanction letter and the subsequent notice under the SARFAESI Act. The sanction letter dated 30th March 2021 was held to be in operation, and the parties were directed to implement it at the earliest. The Court emphasized that the Bank's interpretation of the RBI circular was incorrect and that the restructuring was implemented by the issuance of the sanction letter. en-us Tue, 14 Sep 2021 00:00:00 +0530 Sat, 07 Jan 2023 08:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306053 The Court allowed the petition, quashing the respondent-Bank's actions to cancel the restructuring sanction letter and the subsequent notice under the SARFAESI Act. The sanction letter dated 30th March 2021 was held to be in operation, and the parties were directed to implement it at the earliest. The Court emphasized that the Bank's interpretation of the RBI circular was incorrect and that the restructuring was implemented by the issuance of the sanction letter. Case-Laws Indian Laws Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306053