N. V. Anilkumar, S/o. Late N. Venugopalan vs Authorized Officer, Chief Manager, State Bank of India

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2020 Supreme(Ker) 180

S.MANIKUMAR, SHAJI P.CHALY
N. V. Anilkumar, S/o. Late N. Venugopalan – Appellant
Versus
Authorized Officer, Chief Manager, State Bank of India – Respondent

Advocates:
Advocate Appeared:
For the Appellant : SRI.B.MOHANLAL
For the Respondent: SRI.JAWAHAR JOSE, SC

JUDGMENT :

S.Manikumar, J.

Challenge in this writ appeal is to the correctness of judgment in W.P.(C) No.4858 of 2020 dated 20.02.2020, by which the writ court declined to quash Exts.P3 to P5 and the proceedings issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). Exts.P3, P4 and P5 notices are extracted hereunder:

“State Bank of India
Resmec, Kottarakkara Branch	Ref.No.2	Date.30.07.2019

Ordinary/Registered AD

• (Borrower) • (Guarantor)

Sri.Anil Kumar N.V.

Nambadiazhikathu Veedu

Pidavorr P.O.,

Pathanapuram – 691625

Kollam

Phn: 9847831966

Dear Sir,

Borrower/Unit's Name Mr.Anil Kumar N.V.

Loan Account No(s) 67351721888

Purpose Contractor

Limit Rs.40,00,000/-

Outstanding(s) Rs.40,90,530/-

INTIMATION OF ACTION PROPOSED UNDER SARFAESI ACT 2002/REVENUE RECOVERY

At your request, you No.1 above had been granted credit facility/ies by way of financial assistance to the tune of Rs.40,00,000/-on 03/02/2016 as facility/working capital facility/Ter

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2020 Supreme(Ker) 180

S.MANIKUMAR, SHAJI P.CHALYN. V. Anilkumar, S/o. Late N. Venugopalan – AppellantVersusAuthorized Officer, Chief Manager, State Bank of India – Respondent

Cases Referred (5)

S.MANIKUMAR, SHAJI P.CHALY
N. V. Anilkumar, S/o. Late N. Venugopalan – Appellant
Versus
Authorized Officer, Chief Manager, State Bank of India – Respondent