The Appellate Tribunal allowed an appeal filed under Section 18(1) of the SARFAESI Act, directing the release of the deposited amount along with accrued interest to the appellant upon proper acknowledgement.
Release of the deposited amount together with accrued interest to Appellant No. 2 upon proper acknowledgement.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson M.A. No. 73/2024(Refund of deposit) In
(Misc. Appeal on Diary No. 1167/2022-Disposed of)
Between
M/s. Abhinav Furniture & Anr. … Appellant/s V/s.
Sadhana Sahakari Bank Ltd …Respondent/s Mr. Kushal Sawant, Advocate for the Appellants.
-: Order dated: 21/08/2024:-
The matter is taken up for hearing by way of a praecipe filed by the appellants for seeking urgent relief.
The appeal has been disposed of. The appellants have filed this application for a refund of the amount deposited u/s. 18(1) of the SARFAESI Act.
The respondent has been served and no objection is forthcoming.
The application is allowed and the amount in deposit together with the accrued interest shall be released to the appellant No. 2 on proper acknowledgement.
Sd/Chairperson
rm-9
1
1 issue framed by the court
Whether the appellants are entitled to a refund of the deposit made under Section 18(1) of the SARFAESI Act.
1 provisions across 1 enactments
M/s. Abhinav Furniture & Anr.
Sadhana Sahakari Bank Ltd
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
