Shalini Birla v. Central Bank of India
Case brief
What is this about?
On 19.07.2022, the Debts Recovery Appellate Tribunal, Delhi, itself hearing the matter via video conference, noted the appellant's offer to deposit 5.5 lakhs and proposed further payment/waiver application pending. The court directed listing on 27.07.2022 to consider the compliance.
What the court decided
DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No.97/2022
Arising out of S.A. No.246/2022(DRT-III, Delhi)
Shalini Birla
Vs
Central Bank of India
19.07.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Arvind Pandey, Ld. Counsel for the Appellant.
This matter has been taken up by me through Video Conferencing.
It is submitted by Ld. Counsel for the appellant that as per notice under Section 13(2) of the Act, the total outstanding amount was Rs. 17,01,440/- and he has already deposited 5,50,000/-. According to Ld. counsel, the remaining amount is Rs. 11,51,440/- and he, states that he will deposit 25% of the said amount and will also move waiver application for rest of the 25% amount.
In view of the above, list the matter on 27.07.2022.
Issues for consideration
1 issue framed by the court
Whether the appellant's offer to deposit 25% of the balance amount and apply for waiver justifies postponement of enforcement proceedings under Section 13(2) of the SARFAESI Act?
Parties & counsel
- appellant
Shalini Birla
Coram
Brijesh Sethi
Case details
As recorded by the court registry
All orders in this case
15 orders share this CNR
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