M/ Cholamandlam Investment and Finance Ltd. and Ors. v. Raghvendra Singh and Ors.
Case brief
What is this about?
In hearing two appeals arising from DRT proceedings, the DRAT addressed the concern of third-party interference in an auctioned property by ordering the maintenance of status quo until the next hearing date. Neither issue was listed as a separate subject in the schema; they are treated as banking and recovery.
What did the court decide?
Order that the status quo regarding the property in question be maintained by all parties till the next date of hearing by restraining the borrower and auction purchaser from creating third party inte