In this appeal, the court allowed the application for release of Rs. 15.00 lacs plus interest deposited by the appellant to maintain a dismissed appeal.
Release of Rs. 15.00 lacs deposited along with interest within fortnight from date.
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M.A. No. 74/2024 In Appeal Dy. No. 468/2024 Date: 28.08.2024
M/s Bhawaya Pipe Pvt. Ltd. Vs. Indian Bank
Present: Shri Nitish Kumar, Advocate holding brief of Shri Jitesh Singh, counsel for the appellant,
Heard the learned counsel for the applicant on the application for release of amount.
Learned counsel for the applicant contends that the applicant had deposited a sum of Rs. 15.00 lacs towards pre-deposit for maintaining the appeal. It is further contended that the appeal has been dismissed vide order dated 06.05.2024. It is therefore, prayed that the amount deposited by the applicant may be released in favour of the applicant.
In view of the above, the application for release of amount is allowed and the aforesaid amount along with interest accrued thereupon is directed to be released in favour of the applicant within fortnight from today, if there is no other legal impediment for the same.
Justice R. D. Khare Chairperson
Anupam
1 issue framed by the court
Whether a deposit of Rs. 15.00 lacs maintaining an appeal can be released in view of the dismissal of the appeal.
M/s Bhawaya Pipe Pvt. Ltd.
Indian Bank
Justice R. D. Khare
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
