Disposed
Rajesh Gems and Jewels Pvt. Ltd. & Ors. v. India Overseas Bank
Delhi HCW.P.(C)/4132/2017
Case brief
AI extract
What is this about?
Petitioners challenged the DRAT's adjournment of a stay application and the respondent's decision to take possession of assets before the new hearing date. The court fixed the respondents to an undertaking not to take coercive steps and disposed of the main petition while pending applications remain.
What did the court decide?
Respondent Bank was bound to not take coercive steps or possession of the three secured premises till 16.05.2017. The petition was disposed of along with pending applications.