Debts Recovery Tribunals and Appellate Tribunals

M/s. Design Deal vs BANK OF BARODA (VIJAYA BANK) on 9 May 2024

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

(BEFORE HON’BLE PRESIDING OFFICER)

Sr. No.14

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ORDER

In MISCELLANEOUS APPLICATION NO.48 of 2022

M/s. Design Deal & Ors. … Applicants Versus Bank of Baroda (Vijaya Bank) … Respondent

Ms Pooja Joshi – applicant no.2 present in person. Mr Sidharth Samantaray, Mr A.R. Bamne and Mr Nilesh Bamne i/b M/s. A.R. Bamne & Co. – Advocates for respondent.

Shri Deepak M. Thakkar Presiding Officer, 9th May 2024.

ORDER

1. Mr Samantaray has handed over the demand draft bearing no.974375 dated 8th May 2024 for Rs.1,00,943/- drawn in the name of the Registrar, DRT-II, Mumbai in compliance of the undertaking. Upon deposit of the amount of Rs.1,00,943/- by Bank of Baroda, the Tribunal’s order stands complied. The learned Registrar is directed to release the amount to the applicant with accrued interest. Mr Samantaray requests the Tribunal to stay the order till 27th June 2024. Request accepted. In case the respondent bank fails to procure order from the higher forum, the learned Registrar will be at liberty to release the amount of Rs.1,00,943/- to the applicants.

2. Miscellaneous Application No.48 of 2022 stands disposed of with no order as to costs.

Sd/- (Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai Nidhi

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET

09.05.2024 Sr. No.14 MA No.48 of 2022 classifi -cation No. of Exh. M/s. Design Deal & Ors. Vs. Bank of Baroda (Vijaya Bank)

Ms Pooja Joshi – applicant no.2 present in person. Mr Sidharth Samantaray, Mr A.R. Bamne and Mr Nilesh Bamne i/b M/s. A.R. Bamne & Co. – Advocates for respondent.

1. Order in Miscellaneous Application No.48 of 2022 passed separately.

Sd/-

DRT-2, Mumbai Nidhi

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