Allowed
Ms Jash Development Corporation and Ors. v. Asset Reconstruction Company India Limited
DRATMISC APPLICATION/38/2025
Case brief
AI extract
What is this about?
An application filed to withdraw a pre-deposit amount made during a dismissed appeal. The Appraisal Tribunal held the deposit was neither secured debt nor subject to attachment, granting refund.
What did the court decide?
Registry directed to refund the pre-deposit amount of Rs. 50,30,333/- with accrued interest by demand draft/cheque.