Debts Recovery Tribunals and Appellate Tribunals
Indian Renewable Energy Development Agency Ltd vs Edelweiss Asset Reconstrcution Co ltd & ors on 1 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A:23/2020
Indian Renewable Energy Development Agency Ltd
V/S
Edelweiss Asset Reconstrcution Co Ltd & Ors 01/09/2026
Order pronounced (vide separate order) in open court. The observations made in the last sentence of paras 10 and para 14 (a) that "....... The Applicant is having second charge over the said C' schedule property and it cannot claim first charge in respect of that hypothecated property" and "applicant bank is also entitled to recover the due amount by sale of 'C' schedule property with the consent of OL and on priority of charge with D9", are ordered to be deleted from the impugned order.
Accordingly, the Appeal in RA 23/2020 is allowed. DRT-II, Chennai, is directed to issue corrected order. Both parties shall bear their own costs. All pending IAs, if any, stand closed.
Sd/-
Chairperson