KAUSHAR ARA Vs. I C I C I BANK MEERUT BRANCH
LAWS(ALL)-2011-4-239
HIGH COURT OF ALLAHABAD
Decided on April 07,2011

Kaushar Ara Appellant
VERSUS
I C I C I Bank Meerut Branch Respondents

JUDGEMENT

- (1.) It appears that the petitioner took housing loan from the respondent No. 1-I.C.I.C.I. Bank in the year 2006. Shri Manish Trivedi, learned counsel for the respondent No. 1, on the basis of instructions received, states that the petitioner is a co-borrower with one Ashfaq Alam. Default was committed in the payment of the loan. Consequently, notice dated 19.2.2010 (Annexure-1 to the writ petition) under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (in short "the Act") addressed to the petitioner and the aforesaid Ashfaq Alam was issued by the respondent No. 2.
(2.) Shri Manish Trivedi, learned counsel for the respondent No. 1 states that after issuance of the said notice, no further action has so far been taken by the respondent No. 1.
(3.) In view of the statement made by Shri Manish Trivedi, learned counsel for the respondent No. 1, it is evident that only notice under Section 13(2) of the Act has been issued, and no further steps have been taken by the respondent No. 1.;


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