M/S North West Sales & Marketing … vs Ifci Ltd on 4 April, 2016

2. The petitioners applied for amendment of the petition to also claim the

reliefs of i) impugning the notice dated 28th September, 2015 under Section

13(2) of the Securitisation and Reconstruction of Financial Assets and

Enforcement of Security Interest (SARFAESI) Act, 2002 since then issued

by the respondent IFCI Ltd. to the petitioners; ii) seeking a direction to the

respondent IFCI Ltd. to accept the proposal given by the petitioner on 29 th

September, 2015; and, iii) to restrain the respondent IFCI Ltd. from taking

any coercive steps against the petitioners and / or the guarantors pursuant to

the notice dated 28th September, 2015, and which application was allowed

on 8th October, 2015.

Source: Indian Kanoon

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