Disposed
Ms Sri Surya Ginning and Pressing Industries v. State Bank of India
Case brief
AI extract
What is this about?
The Debts Recovery Appellate Tribunal noted an application under Section 18 of SARFAESI Act was filed against an impugned order by DRT-Visakhapatnam. The Tribunal found the appeal was within limitation due to a High Court stay order but identified four procedural defects in the application, directing the applicant to remove them within 15 days.
What did the court decide?
Directing the applicant to remove the noted defects in the application within 15 days from the date of receipt of the order under section 18 of SARFAESI Act.