Partly allowed
Dinesh S Deshmukh and Anr. v. Encore Asset Reconstruction Company Pvt. Ltd. and 3 Ors.
DRATREGULAR APPEAL/65/2023
Case brief
AI extract
What is this about?
The tribunal allowed the appellants' petition to deposit the first instalment of the required advance fee, as compliance was received. Consequently, the stay on SARFAESI measures initiated by the respondent was extended pending the hearing of the second instalment.
What did the court decide?
Stay on SARFAESI measures granted till 06.10.2023 subject to payment of the second instalment of pre-deposit.