Basundhara Rice Mill (P) Ltd. And Others v. Punjab National Bank Of India
Case brief
What is this about?
The Tribunal Darbard registered a review application filed by Rad Dairy against the order in RC/44/2020. Pending disposal of a Cognovit order, the question of maintainability was raised. The registry held the review application not maintainable because the applicant had not deposited 50% of the determined debt amount as required under Rule 30A of the 1993 Act. The petition was declined by the Regi
What did the court decide?
The review application was declared not maintainable and the registry declined to process the petition.