Partly allowed
Ms Ninth Star Adhesive Tapes Pvt. Ltd. v. Union Bank of India
DRATREGULAR APPEAL/80/2022
Case brief
AI extract
What is this about?
The Debts Recovery Appellate Tribunal at Kolkata allowed an interim application for waiver of pre-deposit under Section 21 of the 1993 Act after noting that the appellant had deposited a substantial portion of the disputed amount. The Tribunal also mandated an amendment of the respondent bank's name and directed service of notice.
What did the court decide?
WAIVER OF PRE-DEPOSIT ALLOWED; AMENDMENT OF RESPONDENT NAME DIRECTED.