Punjab National Bank v. Ms Walia Traders Limited and Others
Case brief
What is this about?
This interim order notes the non-deposit of secured amount by the respondent and directs listing for reply/rejoinder, conditioning further hearing on the required deposit.
What the court decided
DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No. 66/2021
Arising out of S.A. No. 95/2021 (DRT-II, Chandigarh)
Punjab National Bank Vs
M/s Walia Traders Ltd. & Ors.
20.07.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Rajinder Wali, Ld. Counsel for the appellant.
Mr. Shailesh M.Pathak, Ld. Counsel for the Respondent.
This matter has been taken by me through Video Conferencing.
Ld. Counsel for the appellant bank states that the respondent has not deposited the sum of Rs. 50 Crores as ordered by the Ld. Predecessor of this Tribunal.
Ld. Counsel for the appellant further states that there are chances of settlement in the present matter.
List the matter for filing reply within four weeks and rejoinder, if any, within two weeks thereafter.
Parties & counsel
- appellant
Punjab National Bank
- respondent
M/s Walia Traders Ltd.
Coram
Brijesh Sethi
Case details
As recorded by the court registry
All orders in this case
12 orders share this CNR
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