Rbl Bank Limited v. Aarti Sandeep Gade
Case brief
What is this about?
The Appellant Bank appealed against a stay on asset possession conditioned on a payment. The Tribunal noted the payment was made, the appeal became infructuous, and ordered no further stay while the lower tribunal disposes of the sale petition.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson I.A. No.237/2023
In
Misc Appeal No.61/2023
Between
RBL Bank Ltd.
… Appellant/s
V/s.
Aarti Sandeep Gade & Anr.
…Respondent/s
Mr. Meghnath Navlani, along with Mr. Rajesh Nagori, Advocate for Appellant.
An Advocate for the Respondent is present.
This is an appeal filed by the Defendant Bank aggrieved by the order of the Debts Recovery Tribunal, Pune ( D.R.T ) dated 02.03.2023 in I.A. No. 408/2023 in S.A. No. 582/2022 wherein action intended to be taken by the Appellant Bank with regard to the secured assets on 03.03.2023 was directed to be stalled on condition of payment of ₹ 5,00,000/-. I am told by the Ld. Counsel appearing for the parties across the bar that the S.A. now stands posted to 03.06.2023 for further consideration. The possession has not been taken in view of the fact that ₹ 5,00,000/- has been paid by the Respondent borrower to the bank.
Parties & counsel
- appellant
RBL Bank Ltd.
- respondent
Aarti Sandeep Gade
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Ashok Menon
- Order 2 — this page · Ashok Menon
Similar cases
Judgements on the same questions, provisions and authorities, from every court