PATNA, India, Aug. 4 -- Patna High Court issued the following judgment on July 15:
1.The Writ petition is filed to direct the respondents to take immediate steps for regularizing and updating the loan account of the petitioner after considering the offer made by the petitioner and allow the petitioner to run his business smoothly. Further, to provide help to the petitioner so that the petitioner may run his business and repay the loan amount to the bank.
2.Heard the Learned counsel for the petitioners as well as the Learned counsel for the respondent.
3.The Hon'ble Apex Court, in the case of United Bank of India v. Satyawati Tondon, reported in (2010) 8 SCC 110, held as follows:
The High Court overlooked the settled law that the High Co...