B a B International v. Bank of Baroda and Ors.
Case brief
What is this about?
This order allowed an application by the applicant to release Rs. 10.50 lacs deposited towards an impugned appeal, directing the release within a fortnight.
What did the court decide?
Release of deposited sum of Rs. 10.50 lacs with interest to applicant no. 2 within fortnight.
What the court decided
Misc. Application No. 52/2024 In Appeal Dy. No. 559/2023 Date: 15.04.2024
BAB International Vs. Bank of Baroda & Ors.
Present: Shri Shadab Alam, counsel for the applicant,
Heard the learned counsel for the applicant on the application for release of amount.
Learned counsel for the applicant contends that the applicant had deposited a sum of Rs. 10.50 lacs towards pre-deposit for maintaining the appeal. It is further contended that the appeal has been dismissed vide order dated 13.02.2024 as having become infructuous. It is therefore, prayed that the amount deposited by the applicant may be released in favour of the applicant no. 2.
In view of the above, the application for release of amount is allowed and the aforesaid amount along with interest accrued thereupon is directed to be released in favour of the applicant no. 2 within fortnight from today, if there is no other legal impediment for the same.
Justice R. D. Khare Chairperson
Anupam
Parties & counsel
- applicant
BAB International
- respondent
Bank of Baroda & Ors.
Coram
R. D. Khare
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 091090005592023
- Bench
- Rajesh Dayal Khare
All orders in this case
6 orders share this CNR
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