Rare Asset Reconstruction Ltd. v. Mrs Sita Mahalakshmi
Case brief
What is this about?
Allowing an interim application seeking substitution of the applicant, the tribunal accepted the ground of loan assignment by Bank of Baroda to Rare Asset Reconstruction Limited and ordered the substitution with a mandate for necessary amendment within a week, listing the matter for hearing later.
What did the court decide?
Rare Asset Reconstruction Limited be substituted in place of Bank of Baroda with an order to carry out necessary amendments within a week.