The NCLAT disposed of an appeal in an interest on appeal matter. It allowed the appellant's application for withdrawal of the pre-deposit amount with accrued interest.
Release of pre-deposit amount with accrued interest to the Appellant upon proper acknowledgement.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr Justice Ashok Menon, Chairperson
M.A. No. 34/2024 (RoM) In
(Appeal on Diary No. 2373/2023-Disposed of)
Between
Nikesh Rajendra Patil … Appellant/s V/s.
IDFC First Bank Ltd. …Respondent/s
Mr Prafull Chipte, i/b M/s S & T. Associates, Advocate for Appellant.
The matter is taken up for hearing by way of a praecipe filed by the Appellant for seeking urgent relief.
The Applicant has applied for withdrawal of the pre-deposit amount. Notice has been given to the Respondents.
No objection is forthcoming. The appeal has been disposed of.
Hence, the application is allowed and the amount lying in the deposit
along with accrued interest shall be released to the Appellant on proper acknowledgement.
Sd/Chairperson
mks-13
1
1 provisions across 1 enactments
Nikesh Rajendra Patil
IDFC First Bank Ltd.
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
