PNB Housing Finance Limited v. Deepsons India Pvt. Ltd.
Case brief
What is this about?
Interim appeal filed under Section 18 of SARFAESI Act against Tribunal order. Court disposed case granting liberty to apply to Tribunal for redressal of grievance regarding status quo order.
What the court decided
Appeal Dy. No. 297/2024 Date: 12.04.2024
PNB Housing Finance Ltd. Vs. Deepsons India Pvt. Ltd.
Present: Shri Prashant Kumar Pandey, counsel for the appellant,
Shri Harsh Chopra, Advocate files his vakalatnama on behalf of the respondent no. 1.
Heard the learned counsels for the parties.
The present appeal has been filed under section 18 of the SARFAESI Act against the interim order dated 25.01.2024 passed by the Tribunal below in S.A. No. 1062/2023, whereby the status quo order has been passed by the Tribunal below and the objection of the appellant-Bank has not been considered by the Tribunal below while passing the impugned order.
After hearing the learned counsel for the appellant and after perusing the averment as made in the appeal, the present appeal is finally disposed off with liberty to the appellant to move an appropriate application before the Tribunal below for redressal of his grievance. This Tribunal has no doubt, if any such application is filed before the Tribunal below, the same shall be considered and decided in accordance with law most expeditiously.
Justice R. D. Khare Chairperson
Anupam
Issues for consideration
1 issue framed by the court
Whether to allow the interim appeal challenging the status quo order and non-consideration of objection by the Tribunal.
Parties & counsel
- appellant
PNB Housing Finance Ltd.
- respondent
Deepsons India Pvt. Ltd.
Coram
Shri R. D. Khare
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 091090002972024
- Topic
- Arbitration
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