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2017 (8) TMI 1015 - SC - Indian LawsRecovery of dues - jurisdiction for initiating steps under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, since the Bank is a cooperative Bank - Held that:- It is in the interest of both the sides to put an end to this litigation by extending an equitable treatment to the petitioner debtor. Accordingly, this writ petition is disposed of directing Respondent No.2 to first proceed against the first two items described in Schedule “B” (Annexure P-2) and in case still the liabilities are not wiped out they may proceed against the fourth item. We make it clear that before taking recourse to the sale of the fourth item, the petitioner shall also be put to notice as to whether he would otherwise clear the liability for the remaining balance. We also make it clear that the petitioner shall not take recourse to any other litigation regarding the procedure for sale without permission from this Court. This condition we are imposing since we are informed that no willing purchaser is prepared to take the property in view of the litigations.
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