The DRAT allowed an appeal against an interim stay order preventing recovery proceedings. The court directed the DRAT to dispose of the S.A. expeditiously within two months and reserved all merit questions for the final hearing.
Direction to the D.R.T. to dispose of the S.A. expeditiously within two months.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
Misc. Appeal No. 126/2022
Between
M/s. SREI Equipment Finance Ltd … Appellant/s
V/s.
M/s. Nirmal Lifestyle Ltd. & Ors. …Respondent/s
Mr. Rohit Gupta along with Mr. Darshit Dave and Patel, i/b M/s. AVP Partners, Advocate for Appellant.
Mr Rajesh Nagori along with Rishab Jain, i/b M/s. MDP & Partners, Advocate for Repsondent.
-: Order dated: 14/11/2022:-
1
prima facie finding made for the purpose of granting an Ad-interim order, it would definitely not influence the findings when the S.A. is ultimately taken up for hearing and disposal.
Sd/Chairperson
psa-19
2
1 issue framed by the court
Whether the appeal should be disposed of with a direction for expedient disposal of the S.A. by the D.R.T.
2 provisions across 1 enactments
M/s. SREI Equipment Finance Ltd
M/s. Nirmal Lifestyle Ltd. & Ors.
Ashok Menon
As recorded by the court registry
3 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
