Mr Baljit Singh Amrik Singh Sethi v. Axis Bank
Case brief
What is this about?
IBACPAT adjourned an application for extension of time to pay the second pre-deposit. Interim protection was vacated pending compliance. Hearing fixed post 08.11.2023.
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.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
Appeal on Diary No. 1590/2023
Between
Baljit Singh Amrik Singh Sethi & Ors. … Appellant/s V/s.
Axis Bank Ltd. …Respondent/s
Mr. Radhe Agarwal, Advocate for Appellants.
Mr. Alok Mishra, Advocate for Respondent.
-: Order dated: 30/10/2023:-
The Appellants were to pay the 2nd instalment of pre-deposit of ₹ 50,00,000/- on 25.10.2023. He has filed an application for an extension of time to deposit the amount and notice has been served to the Counsel appearing for the Respondent.
The Ld. Counsel appearing for the Respondent seek time to file an objection on this application for an extension of time. The 3rd instalment is due on 08.11.2023 and the interim protection was granted only subject to payment of the 2nd instalment which now stands vacated.
Parties & counsel
- appellant
Baljit Singh Amrik Singh Sethi & Ors.
- respondent
Axis Bank Ltd.
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · October
- CNR
- 271090015902023
- Topic
- Banking and Recovery
All orders in this case
2 orders share this CNR
- Order 1 · Ashok Menon
- Order 2 — this page · Ashok Menon
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