M/s Maiya Ji Cold Storage Pvt. Ltd. v. Authorized Officer
Case brief
What is this about?
The High Court dismissed a writ petition seeking to vacate an interim stay order by the Debt Recovery Appellate Tribunal. The Court held that the petitioner has an efficacious remedy to file an application for vacating the stay before the Tribunal itself, as the matter was already listed before them, and thus refused to interfere.
What did the court decide?
The High Court is not inclined to interfere with the order of the DRAT. The DRAT is directed to pass necessary orders on a vacate application filed by the petitioner.