Allowed
M.M.Ningegowda v. State Bank Of India
DRATREGULAR APPEAL/100/2017
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal allowed an application filed by M.Ningegowda seeking refund of the statutory pre-deposit made under Section 18 of the SARFAESI Act, directing the office to release the amount with accrued interest after noting there were no objections from the bank.
What did the court decide?
Directed the Office to refund the deposited amount with accrued interest, if any.