Disposed
M/s Nilkanth Cotton Fibers v. Bank of Baroda
DRATIA/72/2023
Case brief
AI extract
What is this about?
An I.A. for an adjournment was allowed. The Chairperson directed the Bank of Baroda to produce a certified account statement to accurately determine the outstanding amount owed by the appellant. This certification is necessary to establish the threshold for making a pre-deposit under Section 18(1) of the SARFAESI Act before the hearing can proceed on merits.
What did the court decide?
The Instant Application (I.A.) adjourned to 08.03.2023. Respondent Bank directed to produce a certified account statement.