Disposed
M/s Lucky Footwear Components v. Indian Bank
DRATREGULAR APPEAL/55/2023
Case brief
AI extract
What is this about?
On urgent application, the Tribunal directed appellants to deposit 50% of the outstanding balance (approx Rs. 15.83 lakhs) within two weeks to entertain the appeal under the SARFAESI Act, holding sale proceeds irrelevant for deposit calculation.
What did the court decide?
Petitioners directed to deposit Rs.15,83,706/- within two weeks to entertain the appeal; registers to invest in Nationalized Bank.