The DRTA allowed an appeal seeking urgent refund of the pre-deposit amount along with accrued interest to be released to the appellant upon proper acknowledgement.
Release of deposited amount with accrued interest to 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. 45/2024(Refund of Deposit)
In
(Appeal on Dairy No.1647/2023-Disposed of) Between
Narendra Kumar S/o Mathuradasji Bardia And … Appellant/s Ors.
V/s
IDFC First Bank Ltd.
…Respondent/s
Ms. Aarti Suvarna, i/b Mr. Radhe Agarwal, Advocate for Appellants. An Advocate for the Respondent is present.
-: Order dated: 17/05/2024:-
The matter is taken up for hearing by way of a praecipe filed by appellants for seeking urgent relief.
The appeal has been disposed of an M.A. No. 45/2024 is for a refund of the pre-deposit amount to the appellants.
Respondent has been served there is no objection forthcoming. Hence, the application is allowed.
The amount in deposit together with the accrued interest shall be released to appellant No. 1 on proper acknowledgement.
rm-6
Sd/Chairperson
1
1 issue framed by the court
Whether the appeal seeking refund of pre-deposit amount should be allowed in absence of objection from respondent?
Narendra Kumar S/o Mathuradasji Bardia
IDFC First Bank Ltd.
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
