Punjab & Haryana HC Disposes SARFAESI Petition After Borrowers Clear Dues

Roshni Devi And Another Vs Hinduja Housing Finance Limited And Others (Punjab and Haryana High Court) The Punjab and Haryana High Court, in the case of Roshni Devi And Another vs. Hinduja Housing Finance Limited And Others, has conditionally stayed proceedings initiated under Section 14 of the SARFAESI Act. The petition was filed by borrowers challenging an order passed under the Act. Taking cognizance of the matter, the court had issued an interim order to stay the proceedings, contingent on the petitioners depositing a total sum of Rs.10 lakh in two installments. The court noted that the p...