DRAT Orders Expedited Hearing in Bank Dispute, Disposes of Interim Appeal

Venus P P V Spinning Mills (P) Ltd. Vs Authorized Officer South Indian Bank (DRAT Chennai) The Debt Recovery Appellate Tribunal (DRAT) in Chennai has disposed of an appeal filed by Venus P P V Spinning Mills (P) Ltd. against the South Indian Bank, choosing not to interfere with an interim order and instead directing the lower tribunal to expedite the final disposal of the main case. The appeal was initiated against a conditional order dated March 22, 2022, from the Debt Recovery Tribunal (DRT) in Coimbatore. The DRT had directed the spinning mill to deposit ₹7 crores in two equal instalments...