Debts Recovery Tribunals and Appellate Tribunals
VNR Enterprise vs UNION BANK OF INDIA on 30 September 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson Regular Appeal Diary No. 965/2026
Between
M/s. VNR Enterprise & Ors.
… Appellant/s
V/s.
The Authorised Officer,
Union Bank of India & Anr.
…Respondent/s
-: Order dated: 30/09/2026: -
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1. Present as under:
Mr. Mangesh Patel, Counsel for Applicants/Borrowers. Mr. Nainesh Amin, i/b M/s. N.N. Amin & Co., Counsel for Respondent No.1.
2. The matter is taken up by way of praecipe filed by the Applicants/Borrowers for speaking to the minutes.
3. Vide order dated 22.09.2026, Regular Appeal (Diary) No. 965/2026 was dismissed as withdrawn with a direction to the Registry to refund the mandatory pre-deposit amount along with accrued interest, if any, to the Applicants/Borrowers.
4. The Learned Counsel for the Applicants/Borrowers would submit that the prayer made before this Appellate Tribunal on 22.09.2026 was for refund of the mandatory pre-deposit amount directly to Respondent No.1/Bank. However, inadvertently or due to a typographical error, the order was passed directing the Registry to refund the mandatory pre-deposit amount along with accrued interest, if any, to the Applicants/Borrowers, therefore, the order dated 22.09.2026 may be corrected/modified and the Registry may be directed to refund the mandatory pre-deposit amount along with accrued interest, if any, to Respondent No.1/Bank.
5. The Learned Counsel for the Respondent No.1/Bank has no objection to the same.
6. Considered.
7. In view of the submissions made by the Learned Counsel for the parties, the order dated 22.09.2026 is hereby corrected/modified.
8. The Registry is directed to refund the mandatory pre-deposit amount along with accrued interest, if any, directly to Respondent No.1/Bank. Sd/- Chairperson 30.09.2026 Psa-23