Punjab National Bank and Anr. v. Ms G D Cold Storage and 3 Ors.
Case brief
What is this about?
The Court stayed an appeal filed by Punjab National Bank against an interim order restraining coercive measures. Relying on the pendency of a securitization application before the Tribunal, the Court held that the remedy lies in filing an appropriate application before the Tribunal. The appeal was disposed of without addressing the merits.
What did the court decide?
The appeal has been finally disposed of; the appellant is directed to file an appropriate application before the Tribunal below for redressal of grievances.