Stay of recovery proceedings granted pending returnable date, with maintainability of the writ petition left open.

Recovery proceedings were stayed until the next returnable date, preserving the status quo while the writ petition remained under consideration. Notice was issued, the respondents waived service, and the matter was directed to be listed after four weeks. The question of maintainability of the writ petition was left open for later determination.

---

---

Issues: Whether the recovery proceedings should remain stayed pending the next returnable date, and whether the question of maintainability of the writ petition should be kept open.

Outcome: Notice was issued, the respondents waived service, the matter was directed to be listed after four weeks, the recovery demand was stayed till the next returnable date, and the question of maintainability was left open.

---