Ms Bhawaya Pipe Pvt. Ltd. v. Indian Bank
Case brief
What is this about?
Allowed an application for release of a pre-deposit of Rs. 15 lacs along with accreted interest to the appellant following the dismissal of its appeal.
What did the court decide?
Release of Rs. 15 lacs pre-deposit plus interest within fortnight.
What the court decided
A compact analysis
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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
Parties & counsel
- appellant
M/s Bhawaya Pipe Pvt. Ltd.
- respondent
Indian Bank
Coram
R. D. Khare
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · August
- CNR
- 091090004682024
- Topic
- Banking and Recovery
All orders in this case
2 orders share this CNR
- Order 1 · Rajesh Dayal Khare
- Order 2 — this page · Rajesh Dayal Khare
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