Allowed
Sonu Synfab Pvt. Ltd. and Ors. v. Asset Reconstruction Company Ltd.
DRATIA/242/2023
Case brief
AI extract
What is this about?
Appellants sought withdrawal of amount deposited pending in this Tribunal. Respondent raised no objections to release the deposited funds to the third appellant. The appeal was disposed of allowing the withdrawal subject to payment of a sum to the respondent bank.
What did the court decide?
The amount lying in deposit together with accrued interest shall be released to the 3rd appellant.