On an application for extension of time, the Appellant was allowed two weeks to pay the balance of the first pre-deposit installment. The stay remains operative only upon full payment of that installment, with no further time to be granted.
Extension of two weeks granted for payment of the balance amount of the first pre-deposit installment.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 69/2023 (Extension of time)
In
Appeal on Diary No. 1472/2022
Between
Manojkumar Sureshchand Lunkad & Ors. … Appellant/s V/s. The Authorised Officer, …Respondent/s
The Authorised Officer, Punjab National Bank & Ors.
Mr Vipinchnadra Kasle, Advocate for Appellants.
Ms Hema Desai, i/b M/s. Singh & Co., Advocate for Respondent No. 1.
Mr Puneet Gogad, Advocate for Respondent No. 3 to 5.
-: Order dated: 03/02/2023:-
The matter is taken up for hearing by way of Praecipe filed by the Appellant seeking urgent relief. The Appellant was directed to pay the pre-deposit in two instalments. Though the first instalment of ₹ 51,25,000/- was directed to be paid on or before 31.01.2023, the Appellant succeeded in paying only ₹ 25,00,000/- towards that amount and he seeks time for payment of the balance amount.
1
Sd/-
Chairperson
rm-9
2
2 issues framed by the court
Whether to grant an extension of time for the payment of the balance amount of the first pre-deposit installment.
Whether to grant any further time than two weeks for the payment of the balance amount of the first installment.
Manojkumar Sureshchand Lunkad & Ors.
The Authorised Officer, Punjab National Bank
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
