Reliable Polyesters Private Ltd. v. Bank of Baroda
Case brief
What is this about?
The Tribunal granted relief pending determination of an interim application regarding waiver of deposit in a DPAP. It directed the respondent bank not to proceed with taking possession of the secured property until the application is decided.
What did the court decide?
Stay on the Respondent Bank from proceeding with taking over possession of the secured property while the application for waiver of deposit is pending.