State Bank of India v. Navneet Agarwal
Case brief
What is this about?
In this miscellaneous appeal under Section 17(6) of the SARFAESI Act, the Tribunal directed the learned Debt Recovery Tribunal to decide the pending Special Appeal on the next listing date without adjournments and to grant only one week's time if adjournment becomes necessary.
What did the court decide?
Direction to the Debt Recovery Tribunal to decide the pending Special Appeal on the next listing date without adjournments.
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA Misc. Appl. Dy No. 68 of 2024
(Arising out of S.A. 261 of 2022 in DRT-I, Hyderabad)
THE HON’BLE JUSTICE SHRI ANIL KUMAR SRIVASTAVA, CHAIRPERSON
Order No. 05 15.05.2024
State Bank of India & Anr.
… Appellant Vs.
Navneet Agarwal & Anr.
….. Respondents
For Appellant : Ms. Sharmistha Pal, ld. adv. For Respondent : Mr. Nemani Srinivas, ld. adv.
THE APPELLATE TRIBUNAL :
Vakalatnama filed by respondent no.1 is taken on record.
Heard learned counsel for the parties and perused the records.
Issues for consideration
2 issues framed by the court
Whether a direction to the Debt Recovery Tribunal to decide the pending Special Appeal expeditiously without unnecessary adjournments is appropriate.
Whether rogatory requisitions against a bank regulated by the RBI need to be issued for such a direction.
Parties & counsel
- appellant
State Bank of India & Anr.
- respondent
Navneet Agarwal & Anr.
Coram
Anil Kumar Srivastava
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 191090000682024
- Topic
- Banking and Recovery
Similar cases
Judgements on the same questions, provisions and authorities, from every court