CG Power and Industrial Solutions Limited faced a setback when their request to delay proceedings was turned down. The company is in a legal conflict with IndusInd Bank, and this decision could affect their case.
CG Power wanted an early hearing from the Debts Recovery Appellate Tribunal. However, because the tribunal is very busy, they denied the request with a simple email saying, "no early date is possible."
The tribunal uses a system called "praecipe" for urgent requests. This involves sending an email or personal request, but it's not officially recognized. CG Power's lawyer argued that this system leaves urgent cases unheard.
The Debts Recovery Tribunal is moving forward with the final hearing, even though CG Power's appeal hasn't been heard yet. This could put CG Power at a disadvantage if decisions are made before their appeal is considered.
IndusInd Bank, represented by their lawyer, opposed CG Power's request. They argued that CG Power's application was filed too late, during final arguments, making it invalid.
Judge Girish Kathpalia decided that the Debts Recovery Tribunal should hold off on final arguments until the Appellate Tribunal hears CG Power's initial appeal. This decision aims to ensure fairness and uphold principles of natural justice.
