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Surbhi Kankaria vs. UCO Bank

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Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002–Sec. 13(2)–Notice–Under challenge–Petitioner is a guarantor for the cash-credit facility being availed by her mother–She cannot plead ignorance about the facility being availed by her mother and even cannot dispute her liability to satisfy the outstanding amount in case of original borrower fails to repay the outstanding amount towards the cash-credit limit–Disputed questions of facts have been raised and to prove the same, evidence is required to be led by the parties–Petitioner has the remedy u/ss. 17 & 18 of the Act–Writ Petition is not maintainable.