Partly allowed
Mukesh Kumar and Anr. v. Shivalik Mercantile Co. Operative Bank Ltd. and Anr.
Case brief
AI extract
What is this about?
Appellant's appeal pending before the Tribunal was dismissed for non-deposit of Rs. 8.50 lacs. Upon deposit of the amount via demand draft, the order dismissing the appeal was recalled and the appeal was restored to the roll with a direction to preserve the deposit as a Fixed Deposit Receipt.
What did the court decide?
The order dated 29.08.2022 dismissing the appeal was recalled and the appeal was restored to its original number. The deposited amount is to be kept in an FDR for six months.