Sharda Pandya v. Au Small Finance Bank Limited
Case brief
What is this about?
The Debts Recovery Tribunal disposed of Section 34 application filed by Sharda Pandya against AU Small Finance Bank Limited. The DRT refused interim stay despite applicant's willingness to deposit Rs. 1.5 Lac, noting the previous application was dismissed for non-compliance. The court found the auction failed and the challenge was time-barred, rendering the application infructuous.
What did the court decide?
The Section 34 application and pending interim applications were disposed of as infructuous.