M/S. Yours Ethnic Foods Pvt. Ltd. v. Icici Bank Limited
Case brief
What is this about?
In an interim order, Justice Ashok Menon addressed an application for extension of time to deposit security. The appellant deposited only partial funds and sought further time. The court refused the extension and fixed the next hearing date.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
I.A. No. 607/2022 (Extension of Time)
In
Misc. Appeal on Diary No. 1108/2022
Between
M/s. Yours Ethnic Foods Pvt. Ltd. … Appellant/s V/s. ICICI Bank Ltd. …Respondent/s
An Advocate for Appellant is present.
An Advocate for the Respondent is present.
-: Order dated: 28/11/2022:-
The Appellant had undertaken to deposit ₹ 50 lakhs by 25.11.2022 and an order to that effect was made on 22.11.2022. Today is the matter posted for reporting compliance. The Appellant has filed an application for an extension of time to deposit.
It is submitted that only ₹ 20 lakhs out of the said amount of ₹ 50 lakhs has been deposited and the Applicant seeks an extension of time.
Issues for consideration
1 issue framed by the court
Whether an extension of time for deposit of security money should be granted despite non-deposit of the amount.
Parties & counsel
- appellant
M/s. Yours Ethnic Foods Pvt. Ltd.
- respondent
ICICI Bank Ltd.
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · Ashok Menon
- Order 2 · Ashok Menon
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