Disposed
Ms Maa Industries v. Canara Bank
DRTSA/443/2023
What the court decided
AI extract
Outcome
Vacated; respondents permitted to step further on auction but sale certificate withheld pending final order.
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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CONTD. ORDER.SHEET
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PAGE No
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CASE No
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| DATE | DESCRIPTIONOFTHE ORDER | REMARK |
|---|---|---|
| sA443123 12106t23 |
ShriNitinAgrawal,AdvfortheApplicant ShriAlokMishra,AdvfortheRespondent No.l |
|
| l.Matteristakenup forhearingonIA No.2416123dated05/06123apptication for Stal'. |
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| 2.ReplytoIAaswellasSAhasalready beenfiled. |
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| 3.Boththecounselsheard. | ||
| 4.AttheveryoutsetApplicantCounsel subrnitsthatinfactauctionscheduledtoday i.e.12106123isafirstauctionsincenonotice toearlier auctioneversentorreccivedtothe Applicants. 5.ApplicantCounselfurthersubmits thatthe Respondent-Bankb1schedulingauction earlieron29105123nonoticeservedtothc Applicantshoweverasperreplysubmittedby theRespondentsidetoApplicantNo.l registerednotice hadbeensenton13105123 whichmaybepresLlmetobedeliverecl thereafterhowevertheauction wasscheduled on29105123whichshowsnoclear30davs timehad beengiven totheApplicants. 6.ApplicantCounselfurthersr-rbmitsthar lool<ingto illegalitytheRespondent-Bankhas changethedatefortheauctionscheduledon 29105123byissuingcorrigendumandhas schcduledtheauctionfor12106123butno clear30days sale noticeservedtothe |
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PAGE No
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CONTD. ORDER.SHEET
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CASE No
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| DATE | DESCRIPTTON OFTHE ORDER | REMARK |
|---|---|---|
| Appticantsas perplinciplelaiclclou'nb1' Hon'bleDRAT inRcgularAppcalNo.96/ltt Bank ofBarodav/sVijayKumarVaswani. 7.ApplicantCounselfurlhersubtnitsthatas pclcarliersalenoticeEMDamourltwasllxecl lblRs.23,50,000/-howeverasperlllessagc rcccivedbytheApplicantsside fi'omthe Ilespondent-BankonlyRs.l2Lacharcbeen dcpositedbythebiddelsintheaccoLrntofthe Applicants rvhichshou'sthalminirnLtrnllMI) amount hasnotbeendepositedeven thenthe Itespondent-Bankhasgoingtoauclionthe propertywhichisapparcntl,villegirlanclprays lilLstayingthesalebyptacingtcliauceon authorityofHon'bleDclhiHighCourtin cascofLalitMohanv/sAndhara llank. 8.On theotherl-randltespondentL'oLrnselb1 inritingattentionon replysubmittedbythc Il.espondent-Banksubmittedthatearlierinth monthofMarch2023 auctionn'aspr-rblishe houcvercouldnot getmatcrializ.u^tl. 9.Respondent Counselfurthersubnritstha Iblauctionscheduledon06105123noticefo clear30dayshadbeenservcd0rrth Applicants howeversince auctiotlcoLtldI.to getmaterializedthenagainattctionwa sclreduledfor29105123forwhichsale notic totheApplicantshave beensenthoweverdu tosomeunavoidablc'circutnstarlccth I{cspondent-Bankhascotrstraintocltangeth datcscheduledearlielhowevercorrigendu rvasissuedforchangingthedatcandb schedulingtl-reauctionagain a salc noticeha bccnissuedwhichhasalreadybccnsct'r'edt ) |
Parties & counsel
AI extract
- applicant
Applicant
- respondent
Respondent-Bank
Coram
AI extract
Itam Niwas Patel
Case details
As recorded by the court registry
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