Debts Recovery Appellate Tribunal disposed of a miscellaneous appeal seeking withdrawal of pre-deposit amount upon settlement between the appellant and respondents, ordering release of the deposited sum with interest to the bank.
Amount lying in pre-deposit together with accrued interest to be released to the respondent bank.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson M.A. No. 84/2024(Refund of amount)
In
(Misc. Appeal No. 82/2024-Disposed of)
Between
Gyanshyambhai Jivanbhai Survaiya & Anr. … Appellant/s V/s. Dhanlaxmi Bank Ltd. & Anr. …Respondent/s Ms. Sejal Tambe, Advocate for Appellants
-: Order dated: 24/09/2024:-
The matter is taken up for hearing by way of praecipe filed by appellants for seeking urgent relief.
This is an application filed by the appellants for withdrawal of the amount lying in pre-deposit. The parties have settled the matter and the appeal was disposed of given the settlement arrived at between the parties.
The respondents have been served by way of email but there is no appearance.
Given the settlement arrived between the parties and the appeal being disposed of, the amount lying in the deposit together with the accrued interest shall be released to respondent No.1 bank per the consent terms.
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1
Gyanshyambhai Jivanbhai Survaiya & Anr.
Dhanlaxmi Bank Ltd. & Anr.
Ashok Menon
As recorded by the court registry
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