M/S Mahavir Metal Mart and Ors. v. Indian Bank
Case brief
What is this about?
The tribunal disposed of M.A. No. 734/2011 due to an existing status quo order. It accepted the RBI report filed in M.A. No. 380/2019 after clarifying queries raised by the first respondent and approved the officer of the Reserve Bank of India. The matter was posted for final hearing.
What did the court decide?
Acccepted the RBI report, discharged the officer, and disposed of M.A. No. 734/2011. Matter posted for final hearing.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
M.A. No. 380/2019
And M.A. No. 734/2011
In Appeal No. 176/2011
Between
M/s Mahavir Metal Mart & Ors. … Appellant/s V/s.
Indian Bank & Ors. …Respondent/s
Mr Prashant Pandit i/b Mr J. K. Patil, Advocate for the Appellants. Mr Nitin Nikam, Advocate for Respondent No. 1.
Mr Kush Gala, i/b M/s. AKS Legal Consultants, Advocate for Respondent No. 2.
Mr Dhaval A. Patil, i/b M/s K. Ashar & Co., Advocate for the Noticee (Reserve Bank of India).
-: Order dated: 21/09/2022:-
- M.A. No. 380/2019 is an application filed on behalf of the first Respondent pointing out certain queries on the report submitted by the R.B.I. regarding the calculations pertaining to the accounts maintained by the first Respondent Bank.
Issues for consideration
1 issue framed by the court
Whether the Report submitted by the Reserve Bank of India should be accepted after clarification of queries arising in M.A. No. 380/2019.
Parties & counsel
- appellant
M/s Mahavir Metal Mart & Ors.
- respondent
Indian Bank & Ors.
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
13 orders share this CNR
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