S Thangaprabhu v. Tamilnad Mercantile Bank Limited
Case brief
What is this about?
Directed that a status quo order does not stall tribunal proceedings, clarifying that the lower tribunal may continue the main case pending the appeal. Adjourned arguments to 08.07.2022.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
M.A(S.A):3/2022
S.Thangaprabhu & Anr ... Appellants
Vs
A.O.,Tamilnad Mercantile Bank Ltd & Anr ... Respondents
03/06/2022
Heard both sides.
Advocate for Respondent Bank filed a Memo on 31.05.2022 stating that sale conducted on 08.09.2021 could not be concluded, thereby this Appeal has become infructious and nothing survives.
Advocate for Appellants seeks further time to argue the case on merits.
Advocate for Respondent Bank submits that on account of status quo order granted, Tribunal below is not proceeding with the case and a clarification may be given in this regard.
Considering the submissions of both sides, it is clarified that status quo order is only for the parties to maintain not for Tribunal below to stall the proceeding.
Parties & counsel
- appellant
S. Thangaprabhu
- respondent
A.O.
Case details
As recorded by the court registry
All orders in this case
10 orders share this CNR
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