Crystal Cold Storage Co. Pvt. Ltd. Thru Authorized v. Indian Bank and Ors.
Case brief
What is this about?
Writ Petition No. 5695 of 2026, Bombay High Court, decided 28 April 2026 (Manish Pitale & Shreeram V. Shirsat, JJ.). Borrower Crystal Cold Storage Co Pvt Ltd sought expedition of its interlocutory application in Securitisation Application No. 11 of 2025 before DRT-I, Mumbai; Indian Bank (secured creditor) and the auction purchaser were contesting respondents, Union of India proforma. Petition disposed with direction to DRT for expeditious disposal; no opinion on merits; all contentions kept open. Keywords: DRT-I Mumbai, Securitisation Application No. 11 of 2025, interlocutory application, expeditious disposal, secured creditor, auction purchaser, original borrower.
What did the court decide?
Direction to the Debts Recovery Tribunal-I, Mumbai to dispose of the pending interlocutory application in Securitisation Application No. 11 of 2025 as expeditiously as possible.