The appellant requested withdrawal of Regular Appeal No. 22/2025. The Tribunal dismissed the appeal as withdrawn and directed release of the deposit with interest to the respondent bank for the outstanding OTS amount.
Released deposited amount with accrued interest to the Respondent Bank to be appropriated towards the outstanding/OTS amount.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 225/2025 (Stay)
In
Regular Appeal No. 22/2025
Between
M/s. Matun Fincocepts & Ors. … Appellant/s V/s. The Authorised Officer, …Respondent/s
Bank of India
Mr. Gaurang Kinkhabwala along with Ms. Anushree Talekar i/b Ms. Kanjani Trivedi, Advocate for Appellants.
Mr. Nahush Shah along with Ms. Priyanka Chhipa & Mr. Kaustav Devi, i/b M/s. Nahush Shah Legal , Advocate for Respondent.
-: Order dated: 09/04/2026: -
At this stage, the Learned Counsel for the Appellants would submit that he has received instructions to withdraw the present Appeal.
The Learned Counsel Appellant would further submit that he has also received instructions that the amount deposited with the Registry in compliance with Section 18 be released, along with accrued interest, if any, in favour of the Respondent Bank, to be appropriated towards the outstanding/OTS amount, without prejudice to the rights and contentions of the respective parties.
Accordingly, Regular Appeal No. 22/2025 stands dismissed as withdrawn.
The Registry is directed to release the deposited amount, along with accrued interest, if any, to the Respondent Bank.
Sd/Chairperson
psa-13
1
1 provisions across 1 enactments
M/s. Matun Fincocepts & Ors.
Bank of India
Vivek Bharti Sharma
As recorded by the court registry
2 orders share this CNR
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