Klastar Hospitalities Private Limited v. New India Co-Operative Bank Limited and Ors.
Case brief
What is this about?
The High Court examined a writ petition seeking stay on bank possession actions and possession orders by the District Magistrate. The Court dismissed the writ as not maintainable since the petitioner had approached the Debt Recovery Tribunal (DRT) which was hearing the matter immediately next day.
What did the court decide?
The writ petition was dismissed; the interim protection granted earlier was vacated; all contentions kept open.