Bombay High Court Holds Writ Petition Maintainable Challenging DRAT Mumbai's Pre-Deposit Order in SARFAESI/RDB Recovery Dispute. Court Finds Bank's Failure to Withdraw Original Application Despite Settlement and No-Due Certificates Raises Serious Questions on Discharge of Personal Guarantees and Liability of Partners Under Section 21 RDB Act and Sections 25, 45, 49 Partnership Act.
9 Apr 2025The dispute arose from recovery proceedings initiated by Punjab National Bank against a partnership firm, Vardhaman Enterprise, and its partners. The ...




