M/ S Divine Electricals and Home Appliances Pvt. Ltd. and Ors. v. Punjab and Sind Bank and Anr.
Case brief
What is this about?
The Tribunal disposed of two matters: allowed a waiver application due to deposit of the amount and permitted release of goods held by the auction purchaser. An Advocate Commissioner was appointed to supervise the return of goods, with costs borne by the auction purchaser.
What did the court decide?
Waiver application allowed; application for release of goods allowed; Advocate Commissioner appointed to supervise return of goods.