THE SOUTH INDIAN BANK LTD., NAGPUR, THR. AUTHORISED OFFICER AND CHIEF MANAGER, MR. VYSAKH JAYAN vs M/S J. S. TRANSPORT CORPORATION, REPRES. BY. ITS PARTNER, BONEY SINGH SIDHU AND OTHERS — WP/5968/2025

CASE SUMMARY The Bombay High Court (Nagpur Bench) allowed South Indian Bank's writ petition and quashed the lower court's order rejecting the bank's Section 14 application under the SARFAESI Act, 2002. The lower court had rejected the bank's second application for possession of secured assets, reasoning that an existing possession warrant from an earlier application precluded a subsequent application for the same borrower. The High Court held that a secured creditor can file multiple Section 14 applications for different loan transactions or properties, rejecting the argument that only one application is permissible per borrower. The court also found no interim moratorium applied from NCLT proceedings. This case analysis is maintained by casestatus.in based on publicly available court records.