The Tribunal dismissed the withdrawal application regarding Rs. 20 lakhs ordered to be sent to the Thane Janta Sahakari Bank. The Bench found the recovery officer's attachment order valid and the pre-deposit approval legitimate.
Withdrawal of the pre-deposit amount of Rs. 20 lakhs is denied.
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DEBTS RECOVERY APPELLATE TRIBUNAL-MUMВAI
Misc. Application No.39/2025 (Misc. Appeal No.49/2024 -Dismissed) (Withdrawal of pre-deposit amount)
Dated: 4.8.2025
are present in VC. Ld. Counsel for petitioners/appellants and the respondent bank
of the Ld. Recovery Officer and in pursuance of the office note the then Chairperson on 19.02.2025. the Ld. Recovery Officer, on the basis of the attachment order put up by the Ld. Registrar, DRAT, Mumbai and approved by It is seen from the Email sent by the Ld. Registrar, DRAT, Mumbai that a sum of Rs.20.00 lakhs was ordered to be sent to
passed by the Ld. Recovery Officer under Section 97 of the Multi-State Co-operative Societies Act, 2002 to Thane Janta of the then Chairperson on the basis of the attachment order Sahakari Bank Ltd (TJSB). released by the Ld. Registrar, DRAT, Mumbai on the approval Therefore, this Tribunal finds that the said amount was validly
Thus, this Tribunal finds that there is no merit in this withdrawal application to decide in favour of petitioners/appellants.
Chairperson, post the matter on 19.11.2025. time for verifying the approval order passed by the then However, since Ld. Counsel for petitioners/appellants seeks
(IN-CHARGE, DRAT, MUMBAI) m CHAIRPERSON, DRAT, CHENNAI
SN
1 issue framed by the court
Whether the withdrawal of pre-deposit amount ordered by the Recovery Officer under Section 97 of the Multi-State Co-operative Societies Act should be allowed?
2 provisions across 1 enactments
petitioners/appellants
Sahakari Bank Ltd (TJSB)
VC
(IN-CHARGE, DRAT, MUMBAI)
m CHAIRPERSON, DRAT, CHENNAI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
