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DEBT RECOVERY APPELLATE TRIBUNAL
Justice Anil Kumar Srivastava
DR.K.KRISHNA REDDY AND OTHERS – Appellant
Versus
MENNONITE BRETHREN PROPERTY ASSOCIATION OF INDIA PVT LTD AND OTHERS – Respondent
| Table of Content |
|---|
| 1. factual background of the organization and property dispute. (Para 3 , 4 , 5 , 6) |
| 2. legal proceedings related to auction validity. (Para 8 , 9 , 10) |
| 3. details of previous judicial challenges. (Para 11 , 12 , 13) |
| 4. initial adjudication by drt and subsequent findings. (Para 14 , 15 , 16) |
| 5. court's evaluation of representational issues. (Para 18 , 19 , 20 , 21 , 22 , 23) |
| 6. legal standing and authority challenges. (Para 24 , 25 , 26) |
| 7. issues surrounding auction and claim for improper authority. (Para 27 , 28 , 29 , 30) |
| 8. challenges of delay and validity of the application. (Para 31 , 32 , 33 , 34) |
| 9. discussion on alternate remedies. (Para 44 , 45 , 46) |
| 10. final order and details on court's ruling. (Para 47 , 48 , 49) |
JUDGMENT : 16TH May, 2025 THE APPELLATE TRIBUNAL :
1. Since both the Appeals have arisen against a common judgment dated 6.12.2023, passed by Learned DRT-II, Hyderabad allowing S.A. 166 of 2019 along with I.A. 4227 of 2019 (M/s. Mennonite Brethren Property Association of India Private Limited -vs- Punjab National Bank & Others), both the appeals are being decided simultaneously by a common judgment.
2. Appeal No. 02 of 2024 is filed by the Secured Creditor
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