Narayan S/O Bhagwanrao Jadhav and another v. Shubham Housing Development Finance
Case brief
What is this about?
In a miscellaneous application, the Debt Recovery Appellate Tribunal allowed the refund of a pre-deposit sum of ₹2,00,000 along with accrued interest to the appellants, holding it is neither a secured debt nor attached under the SARFAESI Act, despite the dismissal of a regular appeal.
What did the court decide?
Registry directed to release ₹2,00,000/- along with accrued interest in favour of appellants.