Mstc Limited v. Standard Chartered Bank
Case brief
What is this about?
In Appeal No. 10/2023, the Debt Recovery Appellate Tribunal at Mumbai directed that despite pending Supreme Court proceedings, the appeal be heard on 25.04.2023 to comply with a Bombay High Court direction for expedited disposal within four months, with status quo maintained.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
Appeal No. 10/2023
Between
MSTC Ltd. … Appellant/s V/s.
Standard Chartered Bank …Respondent/s
Senior Counsel Mr Gaurav Joshi along with Mr. Rohit Gupta & Ms. Anamika Singh & Nasrin Shaikh, i/b M/s. Indus Law, Advocate for Appellant.
Ms. Radhika Gupta & Mr. Taha Mirza, i/b M/s. Khaitan & Co., Advocate Respondent.
The Ld. Counsel appearing for Respondent submits that the SLP has been filed before the Hon’ble Apex Court and seeks an adjournment on that ground.
However, there is a direction of the Hon’ble High Court of Bombay to dispose of the Appeal expeditiously at any rate within the period of four months which ends in May.
Therefore, the party shall get ready positively for the hearing on 25.04.2023 at 2:30 P.M.
Status-quo shall be continued till the next date of hearing.
Issues for consideration
2 issues framed by the court
Whether appeal hearing is to be adjourned pending Supreme Court filing
Whether appeal is to be disposed within four months as per Bombay High Court direction
Parties & counsel
- appellant
MSTC Ltd.
- respondent
Standard Chartered Bank
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
7 orders share this CNR
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