Smt. Indra Devi Bajaj & Anr. Vs Bank of Baroda

Debts Recovery Appellate Tribunal, Allahabad Bench 1 Apr 2024 Appeal Dy. No. 383 Of 2024 (2024) 04 DRAT CK 0002
Bench: Single Bench
Result Published
Acts Referenced

Judgement Snapshot

Case Number

Appeal Dy. No. 383 Of 2024

Hon'ble Bench

R. D. Khare, Chairperson

Advocates

V. K. Shukla

Final Decision

Disposed Of

Acts Referred
  • Securitization and Reconstruction of Financial Assets and Enforcement of the Security Interest Act, 2002 - Section 14, 18

Judgement Text

Translate:

Heard the learned counsel for the appellants.

The present appeal has been filed under section 18 of the SARFAESI Act against the interim order dated 23.02.2024 passed by the Tribunal below in S.A. No. 225/2020, whereby the interim application filed by the appellants for staying the order passed under section 14 of the SARFAESI Act has been rejected on the ground that the same shall be considered at the final stage.

After hearing the learned counsel for the appellants and considering the facts and circumstances of the case, this court is of the opinion that since the securitization application is still pending before the Tribunal below, therefore, there is remedy open to the appellants by filing appropriate application for redressal of his grievances as raised before the Tribunal below against the interim order. If such application is filed, this Tribunal has no doubt that the Tribunal below shall consider and decide the same in accordance with law most expeditiously.

In view of the aforesaid, the present appeal is finally disposed off.

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