The case involves an appeal against an order passed by the Adjudicating Authority on 28.10.2022, which allowed a Section 7 application filed by UCO Bank. The appeal was filed by Ashok Kumar Tyagi. The appeal was initially taken up on 04.11.2022, and subsequently adjourned to 07.11.2022 to allow the Respondent Bank an opportunity to respond. The UCO Bank's counsel indicated that an OTS proposal was under consideration. Indian Bank filed an application for intervention.
Ashok Kumar Tyagi filed an appeal against the Adjudicating Authority's order dated 28.10.2022, which allowed a Section 7 application filed by UCO Bank. The appeal was initially heard on 04.11.2022, and then adjourned to 07.11.2022. UCO Bank's counsel stated that an OTS proposal was under consideration. Indian Bank filed an application for intervention. The court stayed the impugned order and listed the matter for further hearing on 10.01.2023. The urgency of the matter was also considered.
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The case involves an appeal against an order passed by the Adjudicating Authority on 28.10.2022, which allowed a Section 7 application filed by UCO Bank. The appeal was filed by Ashok Kumar Tyagi. The appeal was initially taken up on 04.11.2022, and subsequently adjourned to 07.11.2022 to allow the Respondent Bank an opportunity to respond. The UCO Bank's counsel indicated that an OTS proposal was under consideration. Indian Bank filed an application for intervention.
Ashok Kumar Tyagi filed an appeal against the Adjudicating Authority's order dated 28.10.2022, which allowed a Section 7 application filed by UCO Bank. The appeal was initially heard on 04.11.2022, and then adjourned to 07.11.2022. UCO Bank's counsel stated that an OTS proposal was under consideration. Indian Bank filed an application for intervention. The court stayed the impugned order and listed the matter for further hearing on 10.01.2023. The urgency of the matter was also considered.
Adjudicating Authority…
Appeal take…
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