Central Bank of India v. Purnima Sharad Halkarni & Ors.

Central Bank of India

…Appellant

…Respondent

Case No: Appeal No. 40/2022

Date of Judgement: 16/06/2023

Judges:

Mr Justice Ashok Menon, Chairperson

For Appellant: Senior Counsel Mr Umesh Shetty, i/b Mr V.K. Nair, Advocate.

For Respondent: Mr Puneet Gogad, Advocate.

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Facts:

Arguments by the Parties:

No infirmity in the impugned orders of the D.R.T.

No irreparable injury would be caused to the Appellant Bank because the property would fetch a higher price.

Sections and Laws Referred:

Rules 60 and 61 of the Second Schedule to the Income Tax Act, 1961

Section 30 of the Recovery of Debts and Bankruptcy Act, 1993

Cases Cited:

Writ Petition No. 3080 of 2014 dated 18/02/2016 (Bombay High Court)