Disposed
Pradeep Vedant v. Canara Bank
DRATIA/272/2023
Case brief
AI extract
What is this about?
Debts Recovery Appellate Tribunal (Mumbai) disposed of appeals and adjoining interim stay applications posted for ex-parte hearing. Bench deemed it unnecessary to grant interim relief as sanctity of pending NCLT proceedings precluded SARFAESI measures.
What did the court decide?
The application for an interim stay was declined after noting that pending NCLT proceedings barred SARFAESI measures against secured assets. The matter was posted for further hearing on 03.07.2023.