The DTAT delayed the hearing of an interim application for waiver of deposit. The respondent bank undertook to issue notice before taking possession and filed no reply. The matter was posted for a future hearing.
The matter was posted for hearing.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No.479/2023(WoD)
In Appeal Dairy No.1183/2023
Between
HPCL Rajasthan Refinery Ltd. … Appellant/s V/s.
The Authorised Officer, Punjab National Bank & Ors.
…Respondent/s
Mr. Sachin Kaikini, Advocate for Appellant.
Ms. Asha Bhuta, Advocate for Respondent.
The matter is taken up for hearing by way of a praecipe filed by the Appellant for seeking urgent relief.
The Ld. Counsel appearing for the Respondent Bank submits that a reply is intended to be filed on the application for waiver of deposit and seeks time.
It is also undertaken that no notice has so far been issued for taking over possession of the secured assets and hence, there is no urgency.
The Ld. Counsel appearing for the Respondent Bank undertakes that at least two weeks’ notice would be issued before taking possession of the secured assets.
Post on 24.08.2023 for hearing on waiver of deposit.
rm-11
1
HPCL Rajasthan Refinery Ltd.
The Authorised Officer, Punjab National Bank
Ashok Menon
As recorded by the court registry
3 orders share this CNR
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