SARFAESI Act : High Court directed Bank to deposit Rs.25 Lacs - Such a Direction was wholly Uncalled for [SC Judgment]
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Section 34 - the High Court could not have directed the Bank to deposit Rs.25 Lacs in an interest earning deposit and the profits of the said deposit to enure to the benefit of the successful party. Such a direction was wholly uncalled for.