Disposed
State Bank of India v. Edelweiss Asset Reconstruction Company Limited
Case brief
AI extract
What is this about?
In an appeal challenging a DR-T order refusing a stay on auction confirmation, the Tribunal doubted the maintainability of the Securitization Application under Section 11 of SARFAESI Act. It directed the DRT to decide the maintainability expeditiously and set a moratorium on third-party interest for the auction purchaser.
What did the court decide?
No interlocutory order interfering with the DR-T order; directed DRT to dispose of S.A. expeditiously.