This order allowed an appellant's prayer to withdraw funds of a pre-deposit along with accrued interest to the respondent bank given a settlement between the parties.
Order allowed and amount released to the respondent together with accrued interest.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson M.A. No. 44/2024 (Withdrawal of money)
In
(Appeal on Diary No. 156/2024- Disposed of)
Between
Bharat Lekhumal Harwani … Appellant/s V/s. ICICI Bank Ltd. …Respondent/s
Mr. S.J. Khera, Advocate for Appellant appeared through a Video Conference.
Mr. Vaibhav Nair, i/b Mr. R.L. Motwani, Advocate for Respondent.
-: Order dated: 16/05/2024:-
The appeal was disposed of by this Tribunal. The Misc. Application is filed for withdrawal of the amount lying in pre-deposit for entertaining this appeal.
The Respondent has been served, but there is no response from them.
Given the settlement that has been arrived at between the appellant and the respondent, it is prayed that the amount is lying in pre-deposit together with the accrued interest to be released to the Respondent.
Hence, the application is allowed and the amount be released to the respondent together with accrued interest on proper acknowledgement.
Sd/-
Chairperson
psa-01 (SB)
1
Bharat Lekhumal Harwani
ICICI Bank Ltd.
Ashok Menon
As recorded by the court registry
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