Dismissed
Sai Nath Estates Private Limited v. Syndicate Bank
DRATREGULAR APPEAL/148/2017
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal dismissed the preference appeal because a subsequent National Company Law Tribunal order placed the corporate debtor under liquidation, rendering the appeal unsustainable. No substantive legal principle was laid down.
What did the court decide?
Preference appeal dismissed as the corporate debtor was placed under liquidation by the NCLT.