Debts Recovery Tribunals and Appellate Tribunals
LEATHEROID PLASTICS PVT LTD vs CANARA BANK on 17 September 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Misc. Appeal No.155/2025**
**Arising out of TMA No.29/2022 & O.A. No.90/2023 (DRT-II, Delhi)**
**Item No. 23**
**Leatheroid Plastics Private Limited and another
V.
Canara Bank**
**17.09.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
**Present:** Sh. Sanjeev Bhandari, Senior Advocate along with Ms. Radhika Goel, Advocate for appellants Ms. Seema Gupta, Advocate for respondent through VC
This matter is taken up through Hybrid hearing.
**I.A. No.554/2025 (Application for waiver of pre-deposit)**
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
1. Sh. Sanjeev Bhandari, Senior Advocate after referring the last paragraph of the impugned order dated 15.05.2025 stated that calculation submitted by the respondent bank was accepted and the respondent bank was directed to return a sum of Rs.44,78,343/- within a period of three days with simple interest @11%. In these circumstances, Sh. Sanjeev Bhandari further stated that there is no debt due against the appellant as such the appellants are not liable to make pre-deposit.
2. Ms. Seema Gupta, Advocate for the respondent also stated in view of the findings given by DRT-II, Delhi in the impugned order that there is not debt due against the appellant and the respondent bank has returned the entire amount in terms of the impugned order along with the original title deeds.
3. Sh. Sanjeev Bhandari, Senior Advocate in response to these submissions stated that he shall verify about the titled documents which have been stated to returned to the appellant as there is no debt due against the appellant as such the requirement of making of pre-deposit is dispensed with.
4. Issue notice to the respondent. Ms. Seema Gupta, Advocate accepts the notice of behalf of the respondent and seeks time to file response to the appeal and application bearing I.A. No.798/2026. Let the response be filed within four weeks with advance copy to the counsel for the appellants. Thereafter, rejoinder, if any be filed within four weeks.
5. List on 10.02.2027.
Sd - / -
(Dr. Justice Sudhir Kumar Jain) Chairperson
-v