The Debt Recovery Appellate Tribunal stayed the restoration of secured assets order pending appeal. The stay application was allowed, and the matter was posted for hearing.
Stay on the order of restoration of possession of secured assets to the borrower.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson I.A. No. 583/2023 (Stay)
In Appeal No. 11/2022
Between
Rare Asset Reconstruction Ltd. … Appellant/s
V/s.
Official Liquidator of Polo Ceramics Pvt. Ltd. …Respondent/s Mr. Prakash Shinde along with Bhavesh Poojary, i/b M/s. MDP & Partners, Advocate for Appellant.
-: Order dated: 28/08/2023:-
The matter is taken up for hearing by way of a praecipe filed by the Appellant for seeking urgent relief.
1
I.A. No. 583/2023 is allowed.
Post on 06.11.2023 for hearing the Appeal
Sd/Chairperson
psa-10-
2
1 issue framed by the court
Whether the restoration of possession of secured assets to the borrower should be stayed pending disposal of the appeal.
Rare Asset Reconstruction Ltd.
Official Liquidator of Polo Ceramics Pvt. Ltd.
Ashok Menon
As recorded by the court registry
3 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
