Appellant sought stay on dispossession of secured assets in an appeal challenging recovery proceedings. Respondent's counsel was absent. Tribunal stayed possession until the hearing scheduled for 28.12.2022.
Possession of secured assets stayed pending hearing on 28.12.2022.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 632/2022 (WoD)
In
Appeal on Diary No. 1345/2022
Between
M/s. Live in Aqua Trading Company & Ors. … Appellant/s V/s.
Authorized Officer, …Respondent/s
Bank of Baroda & Anr.
Mr Prashant Pandit along with Mr Jay Pandit, Advocate for Appellant.
Ms Navnita Patle, i/b Mrs Rathina Maravarman, Advocate for Respondent.
The counsel for the Respondent is not ready for a hearing today. Though the reply has been filed and it is brought to the notice of this Tribunal that the Appellant has already received the notice of dispossession. Since the counsel for the Respondent is not ready for a hearing today, it will not be possible to hear the matter till 28.12.2022. The possession of the secured assets shall not be taken before the matter is heard on 28.12.2022.
Post on 28.12.2022 for hearing.
psa-02
1
1 issue framed by the court
Whether possession of secured assets be taken pending the hearing of the appeal on interim application.
M/s. Live in Aqua Trading Company & Ors.
Authorized Officer
Bank of Baroda & Anr.
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
