Partly allowed
Ms Peak Agritech through it partner Deepak Eknath Mole v. Canara Bank
DRATIA/165/2025
Case brief
AI extract
What is this about?
The Tribunal directed the respondent to deposit 50% of the sale notice amount as pre-deposit to entertain the appeal regarding the sale of secured assets, ordering a split payment schedule with immediate release of possession contingent on the initial deposit today.
What did the court decide?
Directed petitioners to deposit 50% of the sale notice amount (Rs. 1,04,10,296/-) in two installments to activate the appeal; immediate stay of possession granted if Rs. 25 lakhs paid today.