Kailash Govindram Batra v. Icici Bank Limited
Case brief
What is this about?
In an interim application before the DRT, the appellant secured relief after depositing Rs. 25 lakhs previously and submitting a fresh demand draft of Rs. 5 lakhs, though the outstanding remained higher. Hearing adjourned.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 195/2023 (WoD) In Appeal on Diary No. 460/2023
Between
Kailash Govindr a m Batra & Anr. … Appellant/s V/s. ICICI Bank Ltd. …Respondent/s Mr. Gaurang Ki n khabwala, along with Ms. Sonali Jain, Advocate for Appellant.
Mr. A. Mathew, i / b M/s. Vidhii Partners, Advocate for Respondent.
-: Order dated: 29/03/2023:-
The Ld. C o unsel appearing for the Appellant h as today offered a Demand Draft of ₹ 5,00,000/- favouring the R espondent Bank. Prior to that, a s um of ₹ 25,00,000/- was paid c o nsequent to the issuance of the d e mand notice u/s. 13 (2).
The outst a nding amount according to t h e Ld. Counsel appearing for the Respondent Bank is ₹ 1,06,93,208 . 99 as of today. The reply, if an y , to I.A. No. 195/2023 shall be f iled within three weeks.
Post on 25.04.2023 for hearing.
Parties & counsel
- appellant
Kailash Govindram Batra & Anr.
- respondent
ICICI Bank Ltd.
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · March
- CNR
- 271090004602023
- Topic
- Banking and Recovery
All orders in this case
3 orders share this CNR
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