Punjab And Sind Bank vs Mmtc Limited And Ors. on 27 November, 2015

Through: Sh. Rohit Puri, Advocate.
CORAM:
HON’BLE MR. JUSTICE S. RAVINDRA BHAT
HON’BLE MR. JUSTICE R.K. GAUBA

MR. JUSTICE S. RAVINDRA BHAT

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1. In this writ petition, the Punjab and Sind Bank (hereafter “PSB”) is
aggrieved by an order of the Debt Recovery Appellate Tribunal (“the
Appellate Tribunal”) dated 23.03.2011 accepting the First Respondent’s (the
Minerals and Metals Trading Corporation or “MMTC” hereafter) plea that
the mortgage inuring in its favour had to prevail over the PSB’s claim in
execution of a money decree and directing that proceeds from the sale of a
property by the Recovery Officer be used first to satisfy MMTC’s claim.

Source: Indian Kanoon

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