Ms Mitexco and Ors. v. Canara Bank
Case brief
What is this about?
In this interim order, the Debits Recovery Appellate Tribunal at Mumbai directed the appellant to deposit ₹21,83,741 towards a pre-deposit into a safe account. The bank was to accept the demand draft, with final orders to be pronounced by 30.05.2023.
What did the court decide?
Direction to deposit ₹21,83,741 into a safe account with demands for acceptance by the bank; final orders on 30.05.2023.
What the court decided
A compact analysis
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson I.A. No. 285/2023 (WoD) In Appeal on Diary No. 653/2023
Between
M/s Mitexo & Ors … Appellant/s V/s.
Canara Bank …Respondent/s
Mr Kinkhabwala, i/b Ms Sonali Jain, Advocate for Appellants.
Mr Rishabh Shah, i/b Ms Vaishali Bhilare, Advocate for Respondent Bank.
-: Order dated: 26/05/2023:-
Heard both sides.
The Ld. Counsel appearing for the Appellants offers to deposit a sum of ₹21,83,741/- towards the pre-deposit. The demand draft for the said amount shall be accepted by the office and kept in a safe account till the orders are produced on 30.05.2023.
Post on 30.05.2023 for orders on I.A. No. 285/2023
Sd/Chairperson
Parties & counsel
- appellant
M/s Mitexo & Ors
- respondent
Canara Bank
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
4 orders share this CNR
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