Shri Indradev Choudhary v. Union Bank of India

Appeal Dy. No. 1378/2023 Date: 07.11.2023

Shri Indradev Choudhary Vs. Union Bank of India

Present: Shri Vipul Pandey, counsel the appellant,

Heard the learned counsel for the appellant.

The present appeal has been filed under section 18 of the SARFAESI Act against the interim order dated 18.05.2023 passed by the Tribunal below in S.A. No. 121/2023, whereby the interim relief has been granted subject to deposit as indicated in the order impugned, against which the present appeal has been filed and the S.A. is still pending consideration before the DRT concerned.

After hearing the learned counsel for the appellant and considering the facts and circumstances of the case, this court is of the opinion that since the securitization application is still pending before the Tribunal below, therefore, there is remedy open to the appellant by filing appropriate application for redressal of his grievances before the Tribunal below against the interim order. If such application is filed, this Tribunal has no doubt that the Tribunal below shall consider and decide the same in accordance with law most expeditiously.

In view of the aforesaid, the present appeal is finally disposed off.

Justice R. D. Khare Chairperson

Anupam