DRAT Orders Status Quo on Property, Conditional on Appellant’s Partial Deposit

Arya Enterprises Vs Canara Bank (DRAT Chennai)

In the appeal before the DRAT, the appellant challenged the order of the lower tribunal (DRT) declining interim relief in a securitization matter. The appellant had previously deposited Rs. 7.00 lakhs before the Appellate Tribunal in an earlier appeal, which had directed the lower tribunal to decide the pending interim application promptly. During the pendency, the respondent bank issued a notice for taking physical possession of the property in question. The appellant expressed readiness to deposit an additional Rs. 2.00 lakhs

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