Vipul and company and Ors. v. Union Bank of India
Case brief
What is this about?
The Tribunal set aside a previous review application ordering a pre-deposit of ₹1.15 crores, directed the respondent counsel to reply within two weeks, and listed the matter for hearing on June 6, 2023.
What did the court decide?
Reply to be filed by the Respondent within two weeks of the notice; matter recorded as posted for hearing on 06/06/2023.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson Misc. Appeal on Diary No. 569/2023 In
Review Application on Diary No. 756/2023
Between
Vipul and Company &Ors. … Appellant/s V/s.
Union Bank of India …Respondent/s
An Advocate for the Appellant is present.
Mr R.K. Dubey, along with Mr. Anand Singh, Advocate for Respondent.
-: Order dated: 18/05/2023:-
The Appellant has filed an application for Review on the order of this Tribunal in I.A. 268/2023 directing the Appellants to deposit a sum of ₹ 1.15 crores towards mandatory pre-deposit.
The Appellants have pointed out certain errors that have allegedly occurred in the order while calculated the outstanding amount due from the Appellants.
Notice has been served on the Ld. Counsel appearing for the Respondent Bank and reply, if any, shall be filed on the review application within two weeks.
Issues for consideration
1 issue framed by the court
Whether the Appellants plead errors in the calculation of the outstanding amount due requiring review.
Parties & counsel
- appellant
Vipul and Company &Ors.
- respondent
Union Bank of India
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 271090005692023
- Topic
- Banking and Recovery
All orders in this case
3 orders share this CNR
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