Supreme Court stays Debt Recovery Appellate tribunal's order
The Supreme Court has stayed the Debt Recovery Appellate Tribunal's order, asking banks to release on a monthly basis, Rs. 13 crore to Southern Petrochemicals Industries Corporation to restart and operate the plant.
The government set Tribunal is hanging in balance after Lawyer representing Justices Alan Halloway and Alusine Sesay, Francis Charles Margai made a number of respectful legal submissions that the Chairman and all the three Commissioners are not qualified to sit on the Tribunal as they have neither held positions as Justices of the Superior Court.