Interlocutory order directing a bank to not register a sale certificate during an auction pending the appeal and deposit of Rs. 51,90,000 in two instalments. Includes clerical correction of caveat minutes.
Bank not to register sale certificate subject to deposit of Rs. 51,90,000/- in two instalments within specified timelines.
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DEBT'S RTCOVERY TRIBUNALII' HYDERABAD
sA.NO.l08/202s
06.03.202s
1A.697 of 2O25
1, This InterlocutorvApplicationNo'697/2025 is filedby the Applicant in SA'108/2025seekingstay of all further proceedings includingpossession inrespect of the sale to be held on 06.03.2025pursuant to Sale Noticedated 31.0t.2025, for thereason of non-complianceof Section 13(2) & 13(4) andRules8(5), (6), (7) & 9(1) of the sec u ri ty I n te rest( E n f o rce m e n t )nut es' ff ff-stti v,,rtr ri r( dr-,-
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07.03.202s It is reported bylearned counselthat thereis error in recording ino ."port' instead of 'sought time for co.unter and no objection foi conditionalorder' in the conditionalorder dt'06'03'2025' Accordingly, orderis correctedby calling the case file suo motu, asfollows: fire counter.instead otreoffiWu* Read 'requesttime to counter aM^sa*L
L/ p.o.
2 issues framed by the court
Whether to grant an interim stay on the auction sale pending compliance with the main appeal and deposit of consideration.
Correction of clerical error regarding the caveat counter order.
2 provisions across 1 enactments
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
