The Tribunal granted an application for extension of time to deposit the remaining pre-deposit amount of ₹ 25 lakhs by the appellants until 02.05.2024.
Extension of time granted for deposit of balance pre-deposit until 02.05.2024.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson I.A. No. 254/2024(EoT)
Appeal on Diary No. 455/2024 Between M/s. Dharamlaxmi Marketing & Ors. … Appellant/s
V/s.
The Authorized Officer, …Respondent/s Axis Bank Ltd.
Mr. Gaurang Kinkhabwala, i/b Ms. Kanjani Trivedi, Advocate for Appellants.
Mr. Bhavesh Poojary, i/b M/s. MDP & Partners, Advocate for Respodnent.
The Appellants were directed to pay a sum of ₹ 60 lakhs as predeposit for entertaining the appeal, ₹ 10 lakhs was deposited on the date of order, and the balance of ₹ 50 lakhs was directed to be deposited in two equal instalment of ₹ 25 lakhs each. The 1st instalment was due on 28.03.2024 and that has been deposited.
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already been granted and therefore, they are not entitled to any further extension of time.
Post on 03.05.2024 for reporting compliance.
Sd/Chairperson
rm-15
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1 issue framed by the court
Whether the appellants are entitled to an extension of time to deposit the balance pre-deposit towards the appeal.
M/s. Dharamlaxmi Marketing & Ors.
Axis Bank Ltd.
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
