https://www.taxtmi.com/caselaws?id=369046 The appellants, including State Bank of India and other banks, were granted a prior right over movable and immovable properties of Respondent Nos. 3, 4 & 5 by the Debt Recovery Tribunal (DRT), Bengaluru. The Tribunal allowed condonation of delay in filing appeals due to delayed receipt of the impugned order. It was noted that no notice under Section 8(1) was issued to the appellants before the order was passed. The Tribunal affirmed the priority of secured creditors over attached properties, emphasizing the banks' right to recover loan amounts. An interim order was granted to maintain status quo on the properties until the next hearing. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369046 The appellants, including State Bank of India and other banks, were granted a prior right over movable and immovable properties of Respondent Nos. 3, 4 & 5 by the Debt Recovery Tribunal (DRT), Bengaluru. The Tribunal allowed condonation of delay in filing appeals due to delayed receipt of the impugned order. It was noted that no notice under Section 8(1) was issued to the appellants before the order was passed. The Tribunal affirmed the priority of secured creditors over attached properties, emphasizing the banks' right to recover loan amounts. An interim order was granted to maintain status quo on the properties until the next hearing. Case-Laws Money Laundering Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369046