Ms Kanchan Traders v. State Bank of India
Case brief
What is this about?
The Tribunal allowed an application for release of a deposit of Rs. 4 lacs made by the applicant for an appeal, directing it to be released to the proprietor within two weeks.
What did the court decide?
Release of deposited amount of Rs. 4 lacs plus interest towards proprietor of the Kanchan Traders.
What the court decided
Dy. No. 1758/2024 In Regular Appeal No. 315/2012 Date: 21.11.2024
M/s Kanchan Traders Vs. State Bank of India
Present: Shri V. K. Shukla, counsel for the applicant,
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. 4.00 lacs towards pre-deposit for maintaining the appeal. It is further contended that the present appeal has finally been decided by this Tribunal. It is, therefore, prayed that the amount deposited by the applicant may be released in favour of Sunil Kumar Mishra, who is proprietor of the Kanchan Traders.
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 Sunil Kumar Mishra , who is proprietor of the Kanchan Traders, within fortnight from today, if there is no other legal impediment for the same.
Justice R. D. Khare Chairperson
Anupam
Parties & counsel
- applicant
Kanchan Traders
- other
Sunil Kumar Mishra
Coram
R. D. Khare
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 091090017582024
- Bench
- Rajesh Dayal Khare
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