BANK OF BARODA vs PARASAADILAL TURSIRAM SHEETGRAH PVT LTD

The Supreme Court addressed an appeal by Bank of Baroda against an interlocutory order of stay issued by the Allahabad High Court concerning a Writ Petition filed by M/s Parasaadilal Tursiram Sheetgrah Pvt. Ltd. The High Court's stay was related to a challenge against a Sale Certificate issued under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, which was dismissed by the Debt Recovery Appellate Tribunal on grounds of limitation. The Supreme Court upheld the stay on the High Court's order, allowing the appeal to proceed.