Dismissed
M/S Sahkar Developers Pvt. Ltd. and Others v. Bank of Baroda
Case brief
AI extract
What is this about?
This court dismissed an appeal filed under the SARFAESI Act against an interim order rejecting a stay application. The court held that since the main securitization application remains pending before the Tribunal, adequate remedy exists to seek redressal before that Tribunal.
What did the court decide?
The appeal was dismissed as the aggrieved party has an open remedy before the Tribunal below via application regarding the pending securitization.