M/S. Orchid Industries Pvt. Ltd. And ORS. v. Corporation Bank

jsn 1 36-wp-5686-2017.sxw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION WRIT PETITION NO. 5686 OF 2017 M/s. Orchid Industries P. Ltd. & Ors.

...

Petitioners Vs.

Corporation Bank ... Respondent Ms. Priyanka Kothari, i/b Vivek Phadke, Adv. for the Petitioner. Ms. Vijaya Chavan, Adv. for the Respondent.

CORAM : B.R. GAVAI AND RIYAZ I. CHAGLA, JJ.

DATE : 6 JUNE 2017.

P.C.:- 1.

The Petitioner challenges an order passed by the learned Debt Recovery Appellate Tribunal which imposes a condition of 50% deposit for entertaining an Appeal for challenging the order of DRT. 2.

The order passed by DRT is in consonance with the provisions of Section 18 of the SARFAESI Act.

3.

In that view of the matter, the Petition is dismissed. (RIYAZ I. CHAGLA J.) ( B.R. GAVAI J.) 1/1