Interim SARFAESI Restraint Leads to Direction for Speedy Securitization Hearing

Cholamandalam Investment & Finance Company Limited Vs Olisa Reality Private Limited (DRAT Kolkata)

The appeal before Debt Recovery Appellate Tribunal, Kolkata arose from an interim order dated 24.12.2024 passed by Debts Recovery Tribunal-I, Kolkata, which restrained the secured creditor from taking further steps pursuant to an order of the Chief Judicial Magistrate under Section 14 of the SARFAESI Act, 2002. During the pendency of the appeal, the secured assets were noted to involve a large number of advocates’ chambers. In view of this, the Appellate Tribuna

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