Magma Fincorp Ltd. v. Srinivasa Rao Tatakura

What is this about?

The debt recovery appellate tribunal stayed the appeal under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, as it had become infructuous owing to the disposal of the underlying stay petition filed in the Debts Recovery Tribunal. No substantive relief was granted due to the failure of the respondent to appear and the appellant's withdrawal.