Disposed
Karnavati Resorts Limited v. Central Bank of India
DRATREGULAR APPEAL/168/2015
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal adjourned consideration of multiple appeals filed by Araveli Industries and Karnavati Resorts against Central Bank of India. The court granted the appellant further time as properties were sold and auction purchasers required to be impleaded before proceeding.
What did the court decide?
Adjournment granted for further steps to implead auction purchasers who sold properties subject to the recovery proceedings.