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Loan Default After SARFAESI Notice Cannot Be Turned Into Criminal Case: Patna High Court Quashes Cheating, Breach Of Trust Proceedings
['Livelaw News Network']
Supreme Court - High Court - Legal Breaking News | Live Law India
The Patna High Court has quashed criminal proceedings arising out of a housing loan dispute, holding that the complainant's remedy lay before the Debt Recovery Tribunal and not through criminal prosecution.
The Court observed that the complaint was filed only after a SARFAESI demand notice was issued and described it as a “classical case of conversion of civil dispute into...