The tribunal disposed of the appeal and ordered the refund of the pre-deposit amount along with accrued interest to the appellant.
Refund of deposit amount with accrued interest to the appellant.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson M.A. No. 80/2023(Refund of Deposit)
In
(Appeal No. 10/2023-Disposed of) Between
MSTC Ltd.
… Appellant/s
V/s.
Standard Chartered Bank …Respondent/s
Mr Rohit Gupta, along with Ms Nashrin Shaikh, i/b M/s. Indus Law, Advocate for Appellant. Ms Radhika Gupta, i/b M/s Khaitan & Co., Advocate for Respondent Bank.
-: Order dated: 16/08/2023:-
The matter is taken up for hearing by way of a praecipe filed by the Appellant for seeking urgent relief.
M.A. No. 80/2023 is an application for withdrawal of the predeposit amount.
The appeal has been disposed of.
Hence, the amount lying in the deposit together with accrued interest shall be refunded to the Appellant on proper acknowledgement.
Sd/Chairperson
rm-6
1
2
MSTC Ltd.
Standard Chartered Bank
Ashok Menon
As recorded by the court registry
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