Allowed
Deccan Co-operative Spinning Mills Employees Co-operative Credit Society Limited v. Recovery Officer Drt Pune and Ors.
DRATMISC APPEAL/38/2022
Case brief
AI extract
What is this about?
Court allowed substitution of Respondent No. 4 (IDBI Bank Ltd.) with its assignee (Stressed Asset Stabilisation Funds) despite appellant's initial request for time to apply, as appellant now indicated no intention to seek relief against the assignee.
What did the court decide?
Prayer to substitute Respondent No. 4 with Stressed Asset Stabilisation Funds allowed.