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The Debt Recovery Tribunal (DRT) Bengaluru will take up around five Interlocutory Applications (IAs) for final hearing on Tuesday in the SBI consortium vs Kingfisher Airlines case.
Presiding Officer CR Benakanahalli, who had urged both the parties to prioritise 27 Interlocutory Applications (IAs) to be, heard which have been filed before the DRT Bengaluru.
Based on his request, the senior counsel appearing for SBI consortium said after going through the list of IAs, “At least two IAs needs immediate attention for it has direct bearing on the original applications (OA).”
“The other IAs are procedural in nature could be heard in short time. Also other IAs are in different high courts, Supreme Court and DRAT across India,” he added.
Counsel appearing for Kingfisher Finvest appealed to the Presiding Officer to hear his three IAs where in the tribunal had given ex-party order.
The counsel for SBI consortium told the Presiding Officer that it should not be given priority for it is a delaying tactics. After constant pleading, the Presiding Officer agreed to hear Kingfisher Finvest appeal as well tomorrow.
Meanwhile, the counsel for Diageo Netherlands appealed to the Presiding Officer to hear their application on priority basis.
Diageo Netherlands pleaded their application relates to the pledging of USL shares to the lenders which banks have not released.
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