The High Court disposed of a writ petition involving SFAESI actions. It allowed an ad-interim order upon deposit of Rs 1 crore, to remain effective for three weeks, pending the Tribunal's merit-based decision.
Ad-interim order continued for three weeks contingent on Deposit of Rs 1 Crore.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1 / 2 22-wp-533-2022
IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH : NAGPUR
WRIT PETITION NO. 533 OF 2022
M/s Rahi Realators Pvt. Limited & Others -- Petitioners
Vs.
Canera Bank -- Respondent
Mr. U.R. Phasate, Advocate for Petitioners Mr. Milind Wadodkar, Advocate for Respondent
CORAM : NITIN JAMDAR & ANIL L. PANSARE, JJ.
DATE : 11 MARCH 2022
P. C. :
The learned counsel for the Petitioners states that the Petition was directly filed in this Court in respect of action under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, as the Debts Recovery Tribunal was not functional. Now, the Debts Recovery Tribunal is functional. The Petitioners can agitate all the grievances before the Debts Recovery Tribunal.
open.
MP Deshpande
Digitally signed by:MILIND P DESHPANDE Signing Date:11.03.2022 14:38
MP Deshpande
M/s Rahi Realators Pvt. Limited
Others
Canera Bank
Nitin Jamdar
Anil L. Pansare
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
