Indiabulls Assets Reconstruction Company Ltd. v. Kamleshbhai Jayantilal Variya
Case brief
What is this about?
The tribunal disposed of an interim stay application, directing the lower Debts Recovery Tribunal to expeditiously adjudicate the main stay petition filed by the respondent in the main Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 matter.
What did the court decide?
Direction to the Debts Recovery Tribunal to dispose of the main stay application within four months.