Debts Recovery Tribunals and Appellate Tribunals
SAYYAD ZAMEER SAYYAD SAILANI vs PUSAD URBAN CO-OPERATIVE BANK LIMITED on 4 September 2026
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson I.A. No. 543/2026 (Refund of Money) In
Misc. Appeal No. 18/2023 Between
Sayyad Zameer Sayyad Sailani & Ors. … Appellant/s V/s. The Pusad Urban Co-Operative Bank Ltd. …Respondent/s
-: Order dated: 04/09/2026: -
Present as under:
Mr. Radhe Agrawal, Counsel for Appellants. Mr. Viveksing Ramsingh Thakur, Branch Manager, Respondent Bank.
The matter is taken up for hearing by way of praecipe filed by the appellants for seeking urgent relief.
The Learned Counsel for the Appellants would submit that the matter has been settled between the parties and seeks refund of the mandatory pre-deposit made under Section 18 of the SARFAESI Act which is lying with the Registry of DRAT, Mumbai. Not objected to by the Respondent. Accordingly, I.A. No. 543/2026 is allowed. The Registry is directed to refund the pre-deposit amount along with accrued interest, if any, to Appellant No.1 as prayed for in the application. All pending I.As. if any, stand dismissed. Sd/- Chairperson 04.09.2026 Psa-03