The Tribunal modified an order dated 09.12.2024 to release funds lying in deposit to the respondent bank, conditionally requiring a proper acknowledgement from the bank, following consent terms agreed between the parties.
Order dated 09.12.2024 modified to release amount lying in deposit to respondent bank on proper acknowledgement.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
M.A. No. 05/2025 In
(Appeal on Diary No. 1003/2024-Disposed of)
Between
Raju Danial … Appellant/s
V/s.
The Catholic Syrian Bank Ltd.
…Respondent/s
Mr. Rishabh Shah, i/b Mr. V.R. Shitole, Advocate for Appellant. Mr. Amit Kumar, the Bank Officer is present.
The consent term agreed to release the amount lying in the deposit before this Tribunal to the bank. However, there was no specific order passed by this Tribunal while disposing of the appeal to release the amount in accordance with the agreed consent terms. Hence the application for speaking to the minutes. Heard both sides. The prayer is allowed and the order dated 09.12.2024 is modified to the extent that the amount lying in deposit before this Tribunal shall be released to the respondent bank on proper acknowledgement.
psa-08
1
1 issue framed by the court
Whether the Tribunal order allowing the release of funds lying in deposit should be modified to require proper acknowledgement from the respondent bank.
Raju Danial
The Catholic Syrian Bank Ltd.
Ashok Menon
As recorded by the court registry
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