M/S. Sandeepani Smart Village v. the Syndicate Bank
Case brief
What is this about?
The High Court dismissed an operating petition concerning the finality of a Debt Recovery Tribunal order directing deposit of Rs.1.75 crores. While refuting the petitioner's request for time extension, the Court extended the interim order of the Tribunal for one week.
What did the court decide?
Extension of the interim stay order passed by the DRT for one week.
What the court decided
IN THE HIGH COURT OF KERALA AT ERNAKULAM
PRESENT:
THE HONOURABLE MR. JUSTICE A.MUHAMED MUSTAQUE
WEDNESDAY, THE 24TH DAY OF JUNE 2015/3RD ASHADHA, 1937
OP (DRT).No. 84 of 2015 (O)
---------------------------(IA.NO.1313/2015 IN SA.NO. 306/2014 OF DEBT RECOVERY TRIBUNAL, ERNAKULAM)
------------------------
PETITIONER(S):
1. M/S. SANDEEPANI SMART VILLAGE,
- BUILDING NO.V/334, MANJAPRA,
- NEAR AKKUNNU TEMPLE, ANGAMALY-683 581,
- REP. BY ITS MANAGING PARTNER MR. REGHUNATH.A.T.
Issues for consideration
2 issues framed by the court
Whether the petitioner is entitled to time enlargement to comply with the DRT order directing deposit of Rs.1.75 crores.
Whether the bank's auction of the property and issuance of sale certificate should be deferred pending the petitioner's compliance.
Parties & counsel
- petitioner
M/s Sandepani Smart Village
- respondent
Syyndicate Bank
- respondent
Brahmachari Prakash
Coram
Case details
As recorded by the court registry
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