The Debts Recovery Appellate Tribunal granted an interim stay on the Sarfaesi measures initiated against secured assets in two appeals where the Respondent Bank appeared ex-parte after notice service.
Interim stay granted on Sarfaesi measures initiated with regard to the secured assets.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 612/2022
In
Appeal No. 6/2023
Between
Pritesh Arvindbhai Patel … Appellant/s V/s. Punjab National Bank …Respondent/s And I.A. No. 611/2022 In Appeal No. 5/2023 Between Dharmisthaben Chelabhai Patel … Appellant/s V/s. Punjab National Bank …Respondent/s Mr. Puneet Gogad, Advocate for Appellant.
-: Common Order dated: 15/06/2023:-
Notice has been served and an affidavit of service has been produced. Respondent Bank is called absent in both the appeals and set ex-parte.
I.A. No. 612/2022 in Appeal No. 6/2023 and I.A. 611/2022 in Appeal No. 5/2023 are for a stay of the impugned order.
There shall be an interim stay of the Sarfaesi measures initiated with regard to the secured assets.
Post on 28.07.2023 for ex-parte hearing.
Sd/Chairperson
rm-7-8
1
1 issue framed by the court
Whether an interim stay should be granted on the Sarfaesi measures initiated by the Respondent Bank.
1 provisions across 1 enactments
Pritesh Arvindbhai Patel
Dharmisthaben Chelabhai Patel
Punjab National Bank
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
