ANIL KUMAR AKELA Vs. STATE BANK OF INDIA

JUDGEMENT

(1.) Challenging notice dated 11.10.2013 issued under Section 13(4) of the SARFAESI Act, 2002, the petitioner has approached this Court.

(2.) On 27.08.2010, M/s. Buddha Vihar Construction Pvt. Limited took Working Capital Demand loan of Rs. 1,40,00,000/ from the respondent State Bank of India. The petitioner stood as a Guarantor and deposited 4 Title Deeds of property. On 25.09.2012, a notice under Section 13(2) of the SARFAESI Act, 2002 was issued which was subsequently withdrawn vide letter dated 20.06.2013.

(3.) Heard the learned counsel appearing for the parties and perused the documents on record.