Candour Butyl Pvt. Limited v. Catholic Syrian Bank Limited

;DEBT.:RECOVERY APREtLATETRlBUNAL-MUMBAI (SITTING AT-CHENNAI) “ ' LA. No. 315/2025 jh -Regular Appeal No. 20/2025 ' ' cpated: I0:.06'.2025i , The in&ttef is. taken up for hearing .by way of a- Praecipe /filed,by Respondent Batik:for's,eekinE..urgent.relief. J This Application, is filed1 Jor ^modification of order dated. .04'.O3..2C)24 and confirmed in order dated 17,Q4i2024. ,By stay , .order, .this Tribunal directed In.Regular Apped No. 2072_025:.to ifnakfe pre-deposit of Rs.2 Grdrcs. and .order .of status quo /to be cdnlinued. .In. compliance of that order, Appellant deposited ’the amount. It is the. submission of jLchrpecl. Counsel appbafing for ■ H’-Respondeht Barik that there.aye.certiuil machineries available^ :iii’ the- property ihoftgaged and. sold .in auction sale. The: ™^cHihenes arc ript-hyppthecatcd with the Bank. The Bank has > • * * , io. incur expenses ..at. the rate of ,Rs.l-.22 Lakhs- per' month for ; - maintaining the. movables; therefore, he prays-, that the 1«Respondent Bank may be permitted to sell the property .to cover' thecxpenscs. In reply, Learned' Counsel.for'AppeUant.submitted that 'in ithe O.A. filed and .allowed recovery proceedingsTs pending before 'the ^Recovery Officer. Third; party hap filed- a Claim Petition . claiming, right over the hidvables. That Application is: under cohsidefatiph by the Recovery Officer. The Recovery Officer will decide the; claim, , and the matter is fisted before, the Recovery• j Officerspii 19.06.2025. Thus,, he prays-for an ^adjournment after 19;0.6.2025.

	25.06.2025, for filing'feply and typed set List the ihatter on
by A	ppellant.
	CHAIRPERSON. DRAT, CHENNAI. (IN-CHAROE, DRAT, MUMBAI)
MKS