shree dipeshwari argo cold storage and Ors. v. Idbi Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal disposed of the appeal as withdrawn after noting that the matter had been settled between the parties via consent terms, involving a payment of ₹75 lakhs to the respondent bank.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson I.A. No.363/2024 (WoD)
Appeal on Diary No.1062/2024 Between
Shree Dipeshwari Argo Cold Storage and Ors. … Appellant/s
V/s.
The Authorized Officer,
…Respondent/s
IDBI Bank & Ors.
Mr G.R. Kinkhabwala, Advocate for Appellants.
Mr Chetan Akerkar, Advocate for Respondent No.1.
-: Order dated: 24/09/2024:-
The matter is taken up for hearing by way of praecipe filed by appellants for seeking urgent relief.
The matter has been settled between the parties as per the consent terms arrived at. The terms of consent filed by the parties are recorded and the amount of ₹ 75 lakhs shall be released to the respondent bank forthwith for adjustment towards the debt due.
Parties & counsel
- appellant
Shree Dipeshwari Argo Cold Storage and Others
- respondent
The Authorized Officer
- respondent
IDBI Bank and Others
Coram
Case details
As recorded by the court registry
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