The Appellate Tribunal directed the Respondent Bank to give at least two weeks' notice before taking possession of property. The matter was posted for a future hearing after counsel sought time to file a reply to a waiver application.
Directed Respondent to give two weeks' notice before taking possession of property.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A.No.730/2023(WoD)
In Appeal on Diary No. 1965/2023 Between
Khodal Cotton Processing Pvt Ltd. & Ors … Appellant/s V/s. Authorized Officer, State Bank of India …Respondent/s An Advocate for the Appellants is present. Mr. Omkar Kelkar, Advocate for Respondent.
-: Order dated: 03/11/2023:-
The matter is taken up for hearing by way of a praecipe filed by the Appellants for seeking urgent relief.
The Ld. Counsel appearing for the Respondent Bank seeks time to file a reply to the application for waiver of deposit.
The Ld. Counsel appearing for the Respondent is directed to issue not less than two weeks’ notice to the Appellants/Counsel prior to taking over possession of the property.
Post on 10.11.2023 for hearing.
Sd/Chairperson
rm-13
1
Khodal Cotton Processing Pvt Ltd. & Ors
Authorized Officer, State Bank of India
Ashok Menon
As recorded by the court registry
2 orders share this CNR
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