Ishwardas Topandas Ghanshani v. the Needs of Life Co-Op Bank Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Mumbai allowed an application by the appellant for the refund of a pre-deposit. An agreed portion of ₹36,63,299 was to be paid to the First Respondent Bank, with the remainder and interest refunded to the Appellant No.1.
What did the court decide?
The application for refund of pre-deposit is allowed; ₹36,63,299 paid to First Respondent Bank; balance with interest refunded to Appellant No. 1.