Layba Traders and Ors. v. Icici Bank
Case brief
What is this about?
The DRT Appeal Tribunal disposed of an appeal regarding a request for refund of a pre-deposit filed before the Authorised Officer of ICICI Bank.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson M.A. No. 07/2025 (Withdrawal of Deposit)
In
(Appeal on Diary No. 1692/2024- Disposed of)
Between
Layba Traders & Ors. … Appellant/s
V/s.
The Authorised Officer,
…Respondent/s
ICICI Bank
Ms. Aarti Suvarna, i/b Mr. Narendra K. Fuladi, Advocate for Appellants.
An Advocate for the Respondent is present.
-: Order dated: 24/01/2025:-
The matter is taken up for hearing by way of a praecipe filed by the appellants for seeking urgent relief.
There is an application filed for a refund of money which has been deposited toward the pre-deposit.
The appeal has been disposed of.
The respondent has objected to this application stating that the amount is released to them but there is no attachment or lien over the amount and therefore, the amount is directed to release to the appellant no.1 on proper acknowledgment.
psa-41
1
Layba Traders & Ors.
The Authorised Officer, ICICI Bank
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court