Drat Madras Court October 2001 Judgments

K. Janardanan Pillai and ors. Vs. Indian Overseas Bank

Court: DRAT Madras

1. In these seven connected Unregistered Appeals this Appellate Tribunal passed the order under Section 21 of the RDDB & FI Act directing the appellants to deposit in all Rs. 7,50,40,000/- (Rupees seven crores fifty lakhs forty thousand only) (Details mentioned in the order under Section 21).2. The total amount claimed in the seven Original Applications (OAs) by the Bank was about Rs. 12 crores. This Appellate Tribunal in the order under Section 21 passed on 18.4.2001 directed the appellants to deposit with the branch of the Bank concerned the amounts mentioned below : __________________________________________________________________ 7,50,000/- (Seven lakhs fifty thousand only ) __________________________________________________________________ 7,50,40,000/- (Seven crores fifty lakhs forty thousand only). __________________________________________________________________ 3. These amounts were ordered to be deposited on or before 19.7.2001.The amounts were not deposited by the app...