The Tribunal allowed time for the appellant to file a rejoinder within a week and ordered maintenance of status quo regarding secured assets until two weeks' notice.
Appellant granted one week to file rejoinder; status quo maintained; no implementation of possession without 2 weeks notice.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
Misc. Appeal on Dairy No. 984/2022
Between
Shri Mahesh S/O Deodutta Gupta & Ors. …Appellant/s V/s.
M/s. Reliance Asset Reconstruction Company …Respondent/s Ltd.
Advocate for Appellant is present
Mr Rajesh Nagori, along with Mr V. Deshpande, i/b M/s. V. Deshpande & Co., Advocate for Respondent.
-: Order dated: 16/11/2022:-
The Ld. Counsel appearing for the Respondent has filed a reply. The Ld. Counsel appearing for the Appellant undertakes to remove the objection raised by the Registry. Let the appeal be numbered. A reply has been filed by the Respondent. The Ld. Counsel appearing for the Appellant seeks time to file a rejoinder on that reply the same shall be filed within a week.
The status quo shall be maintained till the next date and taking over possession of the secured assets shall not be implemented until two weeks’ clear notice is given to the Respondent.
Post on 30.11.2022 for hearing.
rm-29
1
2 issues framed by the court
Whether the appellant can file a rejoinder within a week to the reply filed by the respondent.
Whether the status quo should be maintained pending hearing of the appeal.
Shri Mahesh S/O Deodutta Gupta & Ors.
M/s. Reliance Asset Reconstruction Company Ltd.
Ashok Menon
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
