IA/537/2023
Case brief
What is this about?
The Debt Recovery Appellate Tribunal allowed an application by the appellant seeking two weeks' time to pay the balance pre-deposit amount, extending the deadline to include payment with the second instalment.
What did the court decide?
Time extended to pay the balance amount together with the second instalment on 21.08.2023.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 537/2023 (EoT)
In
Appeal on Diary No. 1166/2023
Between
M/s Ambika Jwellers & Ors. V/s.
Authorised Officer,
… Appellant/s
…Respondent/s
Shriram City Union Finance Ltd. & Ors. Mr Prashant Pandit, Advocate for Appellants. Mr V. Deshpande, Advocate for Respondent No. 1.
Mr Puneet Gogad, Advocate for Respondents Nos. 2 to 4 (Auction Purchasers)
-: Order dated: 07/08/2023:-
Issues for consideration
2 issues framed by the court
Whether time for paying the balance amount of pre-deposit may be extended.
Whether an extension granted to the appellant for payment of deficit sum should be allowed.
Parties & counsel
- appellant
M/s Ambika Jwellers & Ors.
- respondent
Authorised Officer,
- respondent
Shriram City Union Finance Ltd. & Ors.
Coram
Case details
As recorded by the court registry
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