HC Imposes cost for Abuse of law by filing Multiple Proceedings on same issue

M/s. Vibgyor Texotech Ltd. Vs Board of Directors State of Bank of India (Bombay High Court) Indisputedly, order dated 16.3.2017 passed by the District Magistrate under Section 14 has attained the finality and has been executed. The Petitioner herein has not challenged the order dated 16.3.2017 either by filing an application under Section 17 of the SARFAESI Act or otherwise. Record, therefore, shows that secured creditor has followed due procedure for enforcing security interest in the secured assets and noting has been pointed out by the Petitioner that the bank had flouted any of the provisi...