Allowed
City Union Bank Limited v. M/s. Axis Formulations
DRATREGULAR APPEAL/15/2023
Case brief
AI extract
What is this about?
A three-judge bench in the Debt Recovery Appellate Tribunal at Chennai pronounced a separate common order allowing four appeals (RAs 15-18/2023). The impugned orders in securitisation applications were set aside, and those applications were dismissed.
What did the court decide?
Impugned orders in SA 11/2022 and SA 14/2022 dated 18.03.2023 set aside; SA 11/2022 and SA 14/2022 dismissed; pending IAs closed.