Supreme Court Dismisses SLP and Orders Closure of School for Persistent Non-Compliance and Contemptuous Conduct in SARFAESI Act Proceedings. Borrowers who repeatedly breached court orders and undertakings are not entitled to any further indulgence; school must close and secured creditor to get possession with police help....
The Supreme Court dismissed a special leave petition filed by Petitioners against a Bombay High Court order that had directed police assistance to take possession of a school which was a secured asset...




