Supreme Court admits Axis Bank’s appeal against Procure Logistics, ordering a one‑month unconditional stay of the impugned order.
The Court mandates Axis Bank to deposit Rs 3,19,58,500 with the registry, to be kept in a short‑term FD.
Failure to deposit will vacate the stay, allowing the respondent to approach the NCDRC for execution.
The Court rejects the respondent’s request to release any part of the deposit and sets timelines for affidavits.