LAWS(TLNG)-2020-4-3

SHAIK JANIMIYA Vs. STATE BANK OF INDIA

Decided On April 27, 2020
Shaik Janimiya Appellant
V/S
STATE BANK OF INDIA Respondents

JUDGEMENT

(1.) Petitioner is the Managing Director of M/s Crescent Formulations Pvt.Ltd which Company is engaged in the manufacture and marketing of pharmaceutical formulations.

(2.) M/S Meena Jewellers Exclusive Pvt Ltd and other Companies of the said group ( for short 'the borrowers') had borrowed loans from the State Bank of India ( for short 'the Bank'), a Public Sector Nationalized Bank.

(3.) The Stressed Asset Management Branch-II of the said Bank is the 1st respondent in this Writ Petition.