Yashoda Poultry Farm v. Union Bank of India
Case brief
What is this about?
The appellate tribunal allowed withdrawal of an appeal following a settlement between parties and directed refund of pre-deposit amount with interest to the appellants.
What did the court decide?
Withdrawal of appeal allowed; regular appeal dismissed as withdrawn; refund of pre-deposit amount with accrued interest directed.
What the court decided
'DEBT RECOVERY APPELLATE TRIBUNAL-MUMBAI (SITTING AT -CHENNAI)
I.A.No. 702/2025 (Withdrawal of Appeal) And I.A. Diary No . .1802/2025 (Refund of Amount) In Regular Appeal Dy. No.729/2024
Dated: 12.11.2025
The matter is taken up for hearing by way of a Praecipe filed by the Petitioners/ Appellants for seeking urgent relief.
I.A. No. 702/2025 in Regular Appeal Diary No. 729/2024 is filed for withdrawal of Appeal and I.A. Diary No. 1802/2025 is filed for refund of pre-deposit amount.
Learned Counsel for Petitioners/ Appellants submits that there has been a settlement between the parties, therefore, Petitioners/ Appellants do not want to prosecute this Appeal. Thus, Petitioners/ Appellants seek withdrawal of the appeal and refund of pre-deposit amount.
Learned Counsel for Respondent Bank has no objection for withdrawal of this Appeal and refund of pre-deposit.
The said circumstances, both applications are allowed and the Regular Appeal Diary No. 729/2024 is dismissed as withdrawn.
The Registry, DRAT, Mumbai is directed to refund of the pre-deposit amount with accrued interest, if any to the Petitioners/ Appellants.
Parties & counsel
- appellant
Petitioners/ Appellants
- respondent
Respondent Bank
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 271090007292024
- Bench
- Drat Mumbai
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