The Tribunal allowed the Bank's appeal and set aside a Single Judge's order directing the Bank to release documents regarding a secured asset. Costs were borne equally by both parties.
Impugned order dated 16.02.2022 setting aside direction to release secured asset documents is quashed; costs borne equally.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):10/2022
A.O.,Dcb Bank Ltd V/S Mrs.Vijayalakshmi & Ors
09/11/2022
Heard both sides.
Appeal RA (SA) 10/2022 is allowed and impugned Order dated 16.02.2022 directing Appellant Bank herein to release the documents in respect of secured asset to Respondents herein, is set aside. Both parties shall bear their own costs. All pending IAs, if any, stand closed.
Sd/Chairperson
1 issue framed by the court
Whether the impugned order directing the bank to release documents in respect of the secured asset should be set aside.
Dcb Bank Ltd
Mrs. Vijayalakshmi
As recorded by the court registry
7 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
