Allowed

Shri Tarun S/O Madanmohan Das and Another v. the Authorised Officer, Allahabad Bank, Branch at Tiwari Sadan, Nagpur

Bombay HC2 Sept 2021WP/5418/2019

Case brief

AI extract

What is this about?

Curia granted leave to the petitioners to withdraw the present writ petition, permitted withdrawal of security deposited, and directed the Debt Recovery Tribunal to decide the pending sales application within six months.

What did the court decide?

Leave to withdraw petition; permission to withdraw ₹75,00,000 security with interest; direction to DRT to decide application within 6 months.

Shri Tarun S/O Madanmohan Das and Another Vs… — Civil Procedure and Limitation | Bombay HC (2021)

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1 28.WP.5418-2019.odt

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH AT NAGPUR

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WRIT PETITION NO. 5418 OF 2019

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( Shri Tarun S/o Madanmohan Das & Anr.
Vs.

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 The Authorised Officer, Allahabad Bank, Nagpur. )

¶6

Office Notes, Office Memoranda Court's or Judge's orders
of Coram, Appearances, Court's
orders or directions and
Registrar's orders

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Shri S.K. Mishra, Senior Advocate a/b Shri S.P. Agrawal, Advocate for the
petitioners.

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Shri B.W. Patil, Advocate for the Intervenor.

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CORAM: SUNIL B. SHUKRE AND ANIL S. KILOR, JJ.

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DATED : 02nd SEPTEMBER, 2021 .

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Heard.

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2.Shri S.K. Mishra, learned Senior Counsel for
the petitioners, on instructions, seeks leave of the Court
to withdraw the petition with liberty to withdraw the
amount of Rs.75,00,000/- (Rs. Seventy Five Lakhs)
deposited in this Court in pursuance of the order dated
01st August, 2019 by the petitioners, with interest, if any.
He also seeks a direction of this Court to the Debt
Recovery Tribunal, Nagpur for deciding the application
filed under Section 17 of the SARFAESI Act, 2002
bearing S.A. No. 55/2017 as expeditiously as possible
and, in a time bound manner.

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3.Leave to withdraw the petition is granted.

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2 28.WP.5418-2019.odt

¶15

Permission to withdraw the amount of Rs.75,00,000/-
(Rs. Seventy Five Lakhs) deposited in this Court is also
granted, together with interest which may have accrued
on it, if any.

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4.Debt Recovery Tribunal, Nagpur is directed
to decide the S.A. No. 55/2017 after giving due
opportunity of hearing to all the parties, in accordance
with law, as early as possible within a period of six
months from the date of appearance of the parties before
it.

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5.Parties are directed to appear before the
Debt Recovery Tribunal, Nagpur on 20th September,
2021.

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6.Writ Petition No. 5418/2019 stands
disposed of accordingly.

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7.In view of disposal of Writ Petition, pending
Application stands disposed of accordingly.

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JUDGEJUDGE

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SD. Bhimte

Shri Tarun S/O Madanmohan Das and Another v. the Authorised Officer, Allahabad Bank, Branch at Tiwari Sadan, Nagpur

Case brief

What is this about?

What did the court decide?

Shri Tarun S/O Madanmohan Das and Another v. the Authorised Officer, Allahabad Bank, Branch at Tiwari Sadan, Nagpur

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

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