Dismissed
Ms Ncml Finance Private Limited v. Dushant Karaiya
Case brief
AI extract
What is this about?
The appellant's appeal against an interim order penalising delay in filing a securitization application was dismissed. The Court held that since the securitization application was pending before the Tribunal, the alternative remedy of seeking appropriate redressal before the Tribunal remained open and expeditious.
What did the court decide?
The appeal was finally disposed of on the grounds that an alternative remedy remains open before the Tribunal below.