The Debt Recovery Appellate Tribunal granted the Appellants an extension of two weeks to deposit the balance pre appeal deposit of 20 lakhs, finding it reasonable despite the Respondent's objection regarding lack of notice.
Extension of time of two weeks granted to deposit the balance amount of ₹20 lakhs.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson I.A. No. 473/2023 (EoT)
In Appeal on Diary No. 737/2023
Between
Satishbhai Ananadbhai Lungariya & Ors. … Appellant/s V/s.
Authorized Officer, …Respondent/s RBL Bank Ltd.
Mr. Dhrumit D. Chauhan along with K. Trivedi, Advocate for Appellants.
Mr. Meghnath Navlani, Advocate for Respondent.
Vide order dated 06.06.2023 the Appellants were directed to make a pre-deposit of ₹ 50 lakhs for entertaining the Appeal. The Appellants have already deposited ₹ 30 lakhs and ₹ 20 lakhs remains to be deposited.
1
Post on 31.07.2023 for reporting compliance.
Sd/Chairperson
psa-19
2
1 issue framed by the court
Whether an extension of time should be granted to the Appellants for depositing the balance amount of ₹20 lakhs towards the pre-deposit required for entertaining the appeal.
Satishbhai Ananadbhai Lungariya
RBL Bank Ltd
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
