Debtor Entitled To Get Refund Of Amount Deposited Before HC Registry After Dismissal Of Writ Petition Challenging SARFAESI Proceedings: SC [Read Judgment]

The Supreme Court has observed that a secured creditor cannot appropriate the amount deposited by the Debtor before the Registry of the High Court in pursuant to its order in the writ petition filed against SARFAESI Proceedings.The bench comprising Justice Uday Umesh Lalit and Justice Vineet Saran were considering an appeal [Kut Energy Pvt. Ltd vs. The Authorized Officer, Punjab National...