Bank Of Baroda vs Parasaadilal Tursiram Sheetgrah Pvt ...

The Supreme Court addressed an appeal by Bank of Baroda against an interlocutory order of stay issued by the Allahabad High Court regarding a Writ Petition filed by M/s Parasaadilal Tursiram Sheetgrah Pvt. Ltd. The Court examined the validity of the stay on the Debt Recovery Appellate Tribunal's dismissal of the company's challenge to a Sale Certificate under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court upheld the stay, allowing the appeal and maintaining the status quo pending further proceedings.