M/S Mohit Traders and Another v. Punjab National Bank
Case brief
What is this about?
Listing order in Misc. Appeal 1425/2023 of the DRAT Allahabad, set for the day. Counsel submitted a waiver application regarding the 25% pre-deposit requirement under Section 18(1) of SARFAESI Act 2002, claiming 40% has already been deposited.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
DEBT RECOVERY APPELLATE TRIBUNAL - ALLAHABAD
1425/2023
M/S MOHIT TRADERS AND ANOTHER V/S PUNJAB NATIONAL BANK
Date:08/11/2023
Item: 13
Ld. Counsel for the appellant Sh. V.K. Shukla is present.
Ld. Counsel mentioned pin code in the address.
Regarding pre-deposit he prays that the appellant has already deposited about 40% of the pre-deposit amount after issuance of demand notice, therefore the Hon’ble Appellate Tribunal may most graciously pleased to waive off compliance to deposit of 25% amount as required u/s 18(1) of SARFAESI ACT 2002.
All defects have been reconciled and the appeal is in order.
The present Misc. Appeal is filed u/s 18 of the SARFAESI Act 2002 by Shri V.K. Shukla, Advocate for the appellant through online mode on 04.11.2023 with physical submission on 06.11.2023 along with Court Fee of Rs. 205/vide online mode against the Interim Order dated 01.11.2023 passed in S.A. No. 12 of 2022 by Debts Recovery Tribunal, Jabalpur.
Parties & counsel
- appellant
M/S MOHIT TRADERS AND ANOTHER
- respondent
PUNJAB NATIONAL BANK
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 091090014252023
- Topic
- Banking and Recovery
All orders in this case
2 orders share this CNR
- Order 1 — this page · LD Registrar
- Order 2 · Rajesh Dayal Khare
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