DTAT Mumbai allowed the intervention application of an auction purchaser in an appeal where appellants sought to set aside a sale of secured assets and directed appellants to amend appeal memorandum.
Intervention application allowed; Appellants directed to amend appeal memorandum within two weeks and serve copy on Respondents.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson I.A. No. 270/2022 ((Intervention Application) In Misc. Appeal No. 30/2022
Between
M/s Abhay Industries & Anr. … Appellant/s V/s. The Authorized Officer, Canara Bank …Respondent/s
Mr Yogendra Kumar, Advocate for Appellants. Mr Gajendra A. Rajput, Advocate for Respondent. Mr Niket Harit, Advocate for Intervener.
-: Order dated: 21/12/2022:-
Reply has been filed with the application to receive it out of time and hence, it is received.
1
Appellants are praying for setting aside the sale, it is only appropriate that the intervener be heard in this matter.
mks-15
2
2 issues framed by the court
Whether an auction purchaser should be allowed to intervene in an appeal seeking setting aside of a sale.
What steps need to be taken by appellants after the intervention application is allowed.
M/s Abhay Industries & Anr.
The Authorized Officer, Canara Bank
Auction Purchaser
Ashok Menon
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
