https://www.taxtmi.com/caselaws?id=314224 The HC dismissed the petition seeking writs of mandamus against financial institutions and officials for alleged fraudulent transactions and improper asset sales under the SARFAESI Act. The court found the petition to be a motivated attempt by the borrowers to impede property sales. The petitioner's withdrawal request was denied, and costs of Rs. 1 Lakh were imposed, payable to the Delhi State Legal Services Authority within two weeks. Additionally, the petitioner must provide proof of cost deposit in a related writ petition. en-us Fri, 25 Mar 2022 00:00:00 +0530 Sun, 26 May 2024 14:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314224 The HC dismissed the petition seeking writs of mandamus against financial institutions and officials for alleged fraudulent transactions and improper asset sales under the SARFAESI Act. The court found the petition to be a motivated attempt by the borrowers to impede property sales. The petitioner's withdrawal request was denied, and costs of Rs. 1 Lakh were imposed, payable to the Delhi State Legal Services Authority within two weeks. Additionally, the petitioner must provide proof of cost deposit in a related writ petition. Case-Laws Money Laundering Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314224