Tribunals and CommissionsSingle Bench(2023) 06 DRAT CK 0004

Ganga Construction vs Punjab National Bank & Ors

Debts Recovery Appellate Tribunal · Decided on 5 June 2023

HON’BLE JUDGES
Anil Kumar Srivastava, Chairperson
RESULT
Dismissed
CASE NUMBER
Appeal No. 109 Of 2022

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Judgment

10 paragraphs · 187 words

Anil Kumar Srivastava, Chairperson

THE APPELLATE TRIBUNAL :

Heard learned counsel for the appellant at length. During the course of hearing learned counsel for the appellant submits that she may be permitted to not press the appeal with the liberty to raise her plea regarding valuation of the property in a pending SARFAESI proceeding regarding disputed property.

Learned counsel for the respondent submits that auction sale has been concluded and sale is confirmed. Sale Certificate is also issued.

Accordingly, appeal is dismissed as not pressed with the liberty to the appellant to raise the plea regarding valuation of the property in a pending SARFAESI proceeding, if any. It is made clear that this order is passed without entering into the merit of the case. No order as to costs.

File be consigned to record room.

Copy of the order be supplied to the appellant and the respondents and a copy be also forwarded to the concerned DRT.

Copy of the judgement/Final Order be uploaded in the Tribunal’s website.

Order dictated, signed and pronounced by me in the open

Court on this the 05th day of June, 2023.