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2016 (10) TMI 1397 - HC - Indian LawsSale of the mortgaged project - part construction carried out - invocation of provisions of Section 13(12) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - HELD THAT:- The Court is informed that the respondent No.1 has not even nominated a counsel, on whom an advance copy of the present petition could be served. As a result, the respondent No.1/Bank has been served directly at the address given in the memo of parties. Despite the same, none is present on behalf of the said respondent. Issue notice to the respondents on the petitioner filing the process fee, by ordinary process and speed post, returnable on the date fixed - Till the next date of hearing, the respondents shall maintain status quo in respect of the subject project.
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