In a relief for homeowners in Malad East, the Debts Recovery Appellate Tribunal (DRAT) on April 24 stayed Khush Housing Finance Private Limited’s (KHFL) attempts to take possession of three properties at Atharva Landmark Co-operative Housing Society, citing procedural lapses under the SARFAESI Act.

The tribunal restrained the finance company, its officers and assignees from proceeding further against the properties, which include two residential flats and a parking podium.  On April 3, the finance company, with the help of the local police, tried to evict the homeowners.