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Karvy case: ICICI Bank to challenge Telangana HC stay on DRT proceedings

The DRT had stayed the plea of the bank that immoveable and moveable properties of Karvy Stock Broking and other respondents be taken under possession

ICICI Bank
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Jash Kriplani Mumbai
ICICI Bank is planning to challenge the order of the High Court (HC) of Telangana that stayed a plea of the lender, which it filed in the debt recovery tribunal (DRT) against Karvy Stock Broking.

The high court had stayed the plea of the bank that immoveable and moveable properties of Karvy Stock Broking and other respondents be taken under possession. According to the bank, it is in the process of challenging the HC’s stay on this direction.

ICICI Bank in a statement said the DRT proceedings have not been completely put on stay. “The DRT orders requiring the defendants to

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First Published: Dec 31 2019 | 8:42 PM IST

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