Murphy Electronics Pvt. Ltd. and Ors. v. Union Bank of India
Case brief
What is this about?
The Debts Recovery Appellate Tribunal, Mumbai, directed the appellants to prepare for a hearing on an application for waiver of pre-depost and to list a Motion for Arrest (M.A.) post 08.06.2022. The bench also directed the appellants to substitute the respondent bank with Union Bank of India and ordered the respondent bank to file a statement on property sales.
What did the court decide?
Appellants directed to appear for hearing on application for waiver of pre-deposit and direct to substitute Corporation Bank with Union Bank of India.