M/ S Ajay Trading Company and Others v. I D B I Bank Ltd. and Others
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Appeal Dy. No. 68/2020 Date: 12.04.2022
M/s Ajay Trading Company and Ors. Vs. I D B I Bank Ltd. and Ors.
Present: Shri Rakesh Mishra, counsel for the appellants, Shri K. K. Tiwari, counsel for the respondents-Bank,
Learned counsel for the appellants contends that from the auction sale of the property in question, about 40% of the amount due has been recovered, therefore, waiver application has been filed for waiving the remaining amount of pre-deposit.
Learned counsel for the respondent-Bank states that as per the judgment passed by the Apex Court in Civil Appeal No. 1902/2020- Union Bank of India Vs. Rajat Infrastructure Pvt. Ltd. & Ors., decided on 02.03.2020, no such waiver can be granted. Learned counsel for the respondent-Bank files photocopy of the said judgment before this Tribunal, which is taken on record and learned counsel for the appellant prays for time, which is granted.
Accordingly, list this case on 15.07.2022 for waiver.
VN Giri
Justice R. D. Khare Chairperson
Parties & counsel
- appellant
M/s Ajay Trading Company and Ors.
- respondent
I D B I Bank Ltd. and Ors.
Coram
VN Giri
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 091090000682020
- Topic
- Banking and Recovery
All orders in this case
7 orders share this CNR
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