https://www.taxtmi.com/caselaws?id=461263 Appellate interference with a Section 17 interim order is confined to cases of arbitrariness, perversity or disregard of settled principles, so the tribunal's urgency finding based on the risk of NPA classification and SARFAESI action was upheld. A petition initially filed under Section 9 could be treated as a Section 17 application after constitution of the tribunal, and filing of a statement of claim was not treated as a mandatory precondition for interim protection. The direction requiring continued EMI payments was also sustained because the Memorandum of Understanding made the appellant responsible for the loan obligations and the contractual conditions for release were not strictly shown to have been met. en-us Tue, 05 Oct 2021 00:00:00 +0530 Tue, 25 Mar 2025 20:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461263 Appellate interference with a Section 17 interim order is confined to cases of arbitrariness, perversity or disregard of settled principles, so the tribunal's urgency finding based on the risk of NPA classification and SARFAESI action was upheld. A petition initially filed under Section 9 could be treated as a Section 17 application after constitution of the tribunal, and filing of a statement of claim was not treated as a mandatory precondition for interim protection. The direction requiring continued EMI payments was also sustained because the Memorandum of Understanding made the appellant responsible for the loan obligations and the contractual conditions for release were not strictly shown to have been met. Case-Laws Indian Laws Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461263