In a writ-related appeal, the Debt Recovery Appellate Tribunal allowed a settlement. The court directed the release of a pre-deposit sum along with interest to the respondent bank within seven days.
Release of pre-deposit amount of Rs. 37.50 lacs along with interest to the respondent bank within seven days.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No. 83/2022 Arising out of S.A. No. 172/2022 (DRT-III, Delhi)
Rakesh Kumar Wadhwa & Ors. Vs
HDB Financial Services Ltd.
05.08.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Anshul Jain, Ld. Counsel for the appellants.
Ms. Usha Singh, Ld. Counsel for the respondent.
This matter has been taken up by me through Video Conferencing.
Learned counsel for the parties state that the matter has been settled. Ld. counsels respondent prays that pre-deposit amount of Rs.37.50 lacs made by the appellant before this Tribunal be released to the respondent bank.
Ld. Counsel for the appellants has no objection to the same.
The appeal is, accordingly, dismissed as settled.
Let the amount of pre-deposit made by the appellants with this Tribunal be released along with up-to-date interest in favour of the respondent bank within seven days.
(CHAIRPERSON)
-ak/pk
Rakesh Kumar Wadhwa & Ors.
HDB Financial Services Ltd.
Brijesh Sethi
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
