Disposed
Ganesh Medicament Pvt. Ltd. and Ors. v. Sahebrao Deshmukh Cooperative Bank Limited
DRATMISC APPLICATION/14/2022
Case brief
AI extract
What is this about?
The Debts Recovery Appellate Tribunal disposed of a miscellaneous appeal where appellants deposited the amount under Section 18 of the SARFAESI Act and subsequently reached a mutually agreed settlement with the respondent bank. The court directed the registry to release the agreed sum to the bank, with the balance and interest to the appellants.
What did the court decide?
Release of Rs. 1.22 crores to the bank and balance amount with interest to the appellants from the deposit.