Allowed
Smt Nirmala Goswami and Ors. v. Icici Home Finance Company Ltd. and Ors.
DRATMISC APPLICATION/136/2022
Case brief
AI extract
What is this about?
The Debts Recovery Appellate Tribunal allowed an application for release of predeposit amount with interest to the applicant. The court noted that the respondent finance institution had withdrawn its Section 13(2) notice under the SARFAESI Act and thus had no objection to the release.
What did the court decide?
Release of predeposit amount with up-to-date interest to the applicant within 07 days after completion of necessary formalities.