Deviprasad Steel and Services LLP v. Punjab National Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal allowed an urgent application for refund of pre-deposit made in a related S.A. case. The Tribunal directed the registry to return the amount along with interest to the designated partner of the appellant firm, noting the respondent's consent.
What did the court decide?
Application for refund of pre-deposit along with accrued interest allowed; Registry directed to pay the amount to Mr. Rajiv Mehta.