Settlement between appellant and respondent bank. Deposit of amount with tribunal released to bank. Remaining amount and title deeds to be returned. Appeal disposed.
Deposit and accrued interest released to respondent bank; title deeds to be released to appellant.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
I.A. No. 662/2023 And I.A. No. 665/2023 In Misc. Appeal No. 02/2019
Between
M/s. Shushrusha Institute of Medical Science & … Appellant/s Ors.
V/s.
The Cosmos Co-operative Bank & Ors. …Respondent/s Mr. V.N. Ajikumar, i/b M/s. VNA Legal, Advocate for Appellant. Mr. Rishabh Shah, i/b M/s. Raval-Shah & Co., Advocate for Respondents.
This is an application for withdrawal of this appeal in view of the settlement that has been arrived at by the parties. In accordance with the terms of settlement which was arrived at, the total sum of ₹43 lakhs is agreed to be paid to the Respondent Bank. Towards that amount, ₹22 lakhs had already been paid upon acceptance of the OTS. The sum of ₹18,73,587/- lying deposit in deposit together with the accrued interest is lying with this Tribunal.
1
towards the debt due as per the settlement.
Sd/Chairperson
psa-04
2
M/s. Shushrusha Institute of Medical Science & Ors.
The Cosmos Co-operative Bank & Ors.
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
