Bank of Maharashtra v. Uday Vasant Barve and Anr.
Case brief
What is this about?
This Criminal Application sought condonation of 416 days delay for filing leave to appeal against dismissal of a complaint under Section 138 NI Act. The Court allowed the application due to loss of papers and other reasons, directing deposit of Rs.5,000 costs attributable to the applicant, clarifying assets cannot be charged on respondent's loan account.
What did the court decide?
Application for condonation of delay allowed subject to deposit of Rs.5,000 costs to respondent No.1, with costs recoverable only from Applicant.