Dismissed
Messers Export and Import Company v. Punjab National Bank
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal, Kolkata, dismissed the present appeal as infructuous because the auction notices filed previously were challenged by the respondent bank, causing the auction not to materialize due to non-deposit of the balance bid amount.
What did the court decide?
The appeal is dismissed as infructuous due to the withdrawal of the auction notice and consequent failure to conduct the auction.