Zoom Vallabh Steel Limited v. Union Bank of India
Case brief
What is this about?
The Appellate Tribunal disposed of an urgent application by M/s Zoom Vallabh Steel Ltd. seeking expediting of Securitisation Applications pending before the Debts Recovery Tribunal-1, Mumbai. The Tribunal directed the respondent bank to complete pleadings within two months and dispose of the case within four months.
What did the court decide?
Pleadings to be completed within two months and the S.A. to be disposed of within four months from the date of receipt of this order.