LAWS(UTN)-2022-12-45

UNION BANK OF INDIA Vs. UTTARANCHAL CHEMICAL INDUSTRIES

Decided On December 16, 2022
UNION BANK OF INDIA Appellant
V/S
Uttaranchal Chemical Industries Respondents

JUDGEMENT

(1.) Issue notices.

(2.) Learned counsel for the respondents appear and accept notices.

(3.) The present appeal is directed against the order dtd. 30/11/2022 passed by the learned Single Judge, whereby staying the operation of impugned order dtd. 9/11/2022 whereby the appellant-bank issued notice to the respondent to take over possession of one of the mortgaged assets, namely, the factory premises of the respondent.