Debts Recovery Tribunals and Appellate Tribunals
POOJA AUTO PRODUCTS vs STATE BANK OF INDIA on 13 December 2021
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IN THE DEBTS RECOVERY TRIBLTNAL LUCKNOW Present: A.H. Khan, Presiding Officer Dated of order 13.12.2021 M.A. No.7l of 2021 SL No.59 Present:- Counsel for the applicant Mr. Anwar Ashfaq Counsel for the respondent-bank Mr. Alok Saxena Counsel for the applicant moved an application stating that the applicant is ready to deposit Rs.15.00/- lacs by 30.01.2022 and request the Tribunal for interim protection. Heard counsel for both the parties. If the applicants deposit the amount as per the application of undertaking given before this Tribunal, the respondent-bank will not proceed further. However, the applicant is directed to clear the entire outstanding within three months from today. In case offailure on the part ofthe applicant, the respondent-bank will be at liberty to proceed further in accordance with law. With the above direction, the present Misc. Application is disposed o Let the file be consigned to record. Khan)