Allowed application for refund of statutory deposit made for entertaining an appeal, as the underlying appeal was dismissed as withdrawn, with registry to pay accrued interest if any.
Registry directed to refund deposited amount with accrued interest, if any.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 573/2023 in RA 30/2023
Hotel Seagate &Ors Vs Jm Financial Arc P Ltd.
27/12/2023
This application is filed seeking refund of statutory deposit made as per orders of this Tribunal dated 28.6.2023 in IA 168/2020(Waiver), for entertaining the Appeal.
Heard both sides.
Advocate for petitioners/appellants submitted that Appeal RA 30/2023 was dismissed as ‘withdrawn’ on 15.11.2023 and they are entitled for refund of statutory deposit.
Other side reported no objection.
Considering the reasons stated in the affidavit filed in support of the petition, application is allowed as prayed for and Registry shall refund the deposited amount with accrued interest, if any.
Sd/Chairperson
Hotel Seagate & Ors
Jm Financial Arc P Ltd.
Chairperson
As recorded by the court registry
28 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
