Authority: Uttarakhand High Court, Hon'ble Justice Manoj Kumar Tiwari, J.
Order Date: 02 September 2026
Case Overview
- Petitioner: Deep Chandra Joshi (represented by Senior Advocate Pushpa Joshi and Advocate Rajat Kholia).
- Respondent: Nainital Bank Ltd, Branch MBPG Campus (represented by Advocate Dr. Kartikey Hari Gupta).
- The petitioner had taken a term loan of Rs.20,00,000 from the bank.
- Due to default in repayment, the bank invoked its powers under the SARFAESI Act, 2002 and issued a notice under Section 13(2).
- The petitioner filed writ petition WPMS/2625/2026 challenging the Section 13(2) notice.
- The bank submitted that the total outstanding amount as of the filing date is Rs.5,54,759.
- The bank indicated that if the petitioner makes a representation under Section 13(3A) of the SARFAESI Act, the matter would be considered sympathetically.
Final Outcome
- The excerpt does not contain a final disposition; no order granting or dismissing the petition is recorded.
Topics: SARFAESI Act, Banking Litigation