Disposed
Rbl Bank Limited v. Heliac Energy Put Ltd.
DRATMISC APPEAL/153/2024
Case brief
AI extract
What is this about?
In this appeal, a creditor bank sought to remove an order granting respondents liberty to submit an OTS proposal instead of immediate possession. The bank argued respondents failed to comply with the undertaking, making the stay infructuous. The tribunal directed expeditious disposal of the underlying application.
What did the court decide?
Appeal disposed; direction to consider Securitisation Application expeditiously within three weeks.