Disposed
M/s. S.K Timber, Through its Proprietor and Another v. Canara Bank
DRATMISC APPLICATION/93/2023
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal allowed an application by the Appellant requesting release of deposited amount to the Respondent Bank for debt settlement. The order directed release of deposit and accrued interest against acknowledgment.
What did the court decide?
Amount in deposit with accrued interest to be released to Respondent Bank upon proper acknowledgment.