Mennonite Brethren Property Association Of India Pvt Ltd vs. Punjab National Bank

ITEM NO.25 Court 7 (Video Conferencing) SECTION XII-A

S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS

Petition(s) for Special Leave to Appeal (C) No(s). 14393/2021

(Arising out of impugned final judgment and order dated 17-08-2021 in IA No. 1/2021 passed by the High Court For The State Of Telangana At Hyderabad)

M/S MENNONITE BRETHREN PROPERTY ASSOCIATION OF INDIA PVT LTD Petitioner(s)

VERSUS

PUNJAB NATIONAL BANK & ORS. Respondent(s)

Date : 21-01-2022 This petition was called on for hearing today.

• CORAM : HON'BLE MR. JUSTICE S. ABDUL NAZEER HON'BLE MR. JUSTICE KRISHNA MURARI
• For Petitioner(s) Mr. Asad Hussain, Adv. Mr. Arpit Shukla, AOR
• For Respondent(s) Mr. Dhruv Mehta, Sr. Adv. Mr. P. B. A. Srinivasan, Adv. Mr. Parthasarathi Reddy, Adv. Mr. Amit K. Nain, AOR Mr. Parth D. Tandon, Adv. Mr. P. S. Chandralekha, Adv. Ms. Nikitha Ross, Adv. Ms. Sneha R. Iyer, Adv. Ms. Prerna Sabharwal, Adv. Mr. Amit, Adv.

  • Mr. Maneesh Saxena, Adv. Mr. Vipin Kumar Saxena, Adv. Ms. Kajal Rani, Adv.

  • Ms. Manjeet Kirpal, AOR

UPON hearing the counsel the Court made the following O R D E R

Heard the learned counsel appearing for the parties. The Debts Recovery Tribunal had granted an order of status quo to be maintained between the parties. The High Court, by the impugned order, has stayed the said order. This Court, vide order Digitally signed by Jayant Kumar Arora Date: 2022.01.22 13:21:00 IST Reason: Signature Not Verified

dated 17.09.2021, has stayed the order of the High Court.

Sh. Dhruv Mehta, learned senior counsel appearing for Respondent Nos. 5 to 13, has no objection for continuation of the order passed by this Court on 17.09.2021. His only request is for speedy disposal of the matter pending before the Debts Recovery Tribunal.

The submission of the learned senior counsel is accepted.

We direct the Debts Recovery Tribunal to dispose of the matter as expeditiously as possible. The interim order granted by this Court on 17.09.2021 shall continue till the disposal of the matter before the Debts Recovery Tribunal.

In view of above, the Special Leave Petition is disposed of.

Pending interlocutory application(s), if any, is/are disposed of.

(JAYANT KUMAR ARORA) (RENU BALA GAMBHIR) COURT MASTER COURT MASTER