Supreme Court slams door on borrower’s second attempt to challenge loan recovery.
The Supreme Court dismissed the appeals as not maintainable, holding that a second special leave petition is barred when the first was withdrawn without seeking liberty to file a fresh one. The Court emphasized that such a practice is against public policy and the principle of finality in litigation.
Court:
Supreme Court of India
Case:
Satheesh V.K. vs The Federal Bank Ltd.
Date of Judgement:
September 23, 2025
Act:
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)