M/S Kanak Overseas Thru. Sole Proprietor Mr. Akhilesh Kala and 2 Others v. Debts Recovery Tribunal,Lko.Thru. Its Registrar and 5 Others
Case brief
What is this about?
High Court of Judicature at Allahabad, Lucknow Bench; Neutral Citation 2025:AHC-LKO:1665; Matters Under Article 227 No. 30 of 2025; order dated 9.1.2025 by Hon'ble Pankaj Bhatia, J. Petitioner: M/S Kanak Overseas through sole proprietor Akhilesh Kala and 2 others (counsel Amrendra Nath Tripathi). Respondents: Debts Recovery Tribunal, Lucknow through its Registrar and 5 others (counsel C.S.C., Ganga Sagar Misra for respondent no.2, Kapish Srivastava). Grievance: possession steps continued despite pending stay application in Securitisation Appeal No.929 of 2023 and pending interim relief application before the DRT; prior orders of this Court dated 07.01.2025 and 08.01.2025; lock by Advocate Commissioner and handing over of keys to the Bank's counsel. Result: petition disposed with consent — DRT to decide interim relief application within two weeks without adjournment, endeavour to decide the securitisation appeal within two months; status quo on possession meanwhile; return of Scooty/day-to-day belongings to petitioner on application. No precedent discussed; no monetary quantum involved.