Ms. Ajay Spice and Traders Pvt. Ltd. through Mr. Pradeep Balmukund Agarwal and Mr. Ajay B. Agarwal v. the Bhandari Co-Op.Bank Ltd. through Its Liquidator and Ors.
Case brief
What is this about?
The High Court modified a previous order requiring a monetary deposit. It held that the appellants had complied with the relevant Act provisions without further deposit, directing the registry to hear the underlying revision application accordingly, thereby dismissing the Civil Application.
What did the court decide?
The registry is directed to hear the Revision Application on the basis that appellants have complied with Section 154(2A) without requiring further deposit.