Allowed
Bholenath Industries and Ors. v. Punjab National Bank
DRATMISC APPLICATION/109/2024
Case brief
AI extract
What is this about?
The Tribunal disposed of a miscellaneous appeal regarding the refund of a pre-deposit amount deposited under Section 18(1) of the SARFAESI Act. Allowing the application, the court ordered the release of the deposited amount along with accrued interest to the appellant.
What did the court decide?
Release of the deposited amount along with accrued interest to the appellant upon proper acknowledgement.