The High Court dismissed a writ petition challenging a Debt Recovery Tribunal order requiring a 30% deposit as a condition for staying auction proceedings. The Court found it could not adjudicate on merits as the bank had already confirmed the auction sale due to the petitioner's failure to comply.
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HONOURABLE SRI JUSTICE SANJAY KUMAR AND HONOURABLE SRI JUSTICE P.KESHAVA RAO
WRIT PETITION No.2504 of 2019
ORDER: (per Hon’ble Sri Justice Sanjay Kumar)
This Writ Petition was filed assailing the order dated 31.01.2019 passed by the Debts Recovery Tribunal-I, Hyderabad (for short ‘the Tribunal’), in I.A.No.3563 of 2018 in Securitization Application No.247 of 2018.
SK, J & PKR, J W.P.No.2504 of 2019 Dt:15.7.2019
2
observation.
Pending Miscellaneous Petitions, if any, shall also stand dismissed. No order as to costs.
________________________ JUSTICE SANJAY KUMAR
________________________ JUSTICE P.KESHAVA RAO
15th July, 2019 dr
1 issue framed by the court
Whether the Court can entertain a writ petition challenging a Tribunal's order requiring a deposit condition when the bank has already confirmed the auction due to non-compliance.
Petitioner
Canara Bank
SANJAY KUMAR
P. KESHAVA RAO
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
