NCDRC

NCDRC

MA/263/2012

BRANCH MANAGER, IDBI BANK - Complainant(s)

Versus

SAMEER JAIN & ORS. - Opp.Party(s)

M/S. KESAR DASS B & ASSOCIATES

08 Mar 2013

ORDER

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
NEW DELHI
 
MISCELLANEOUS APPLICATION NO. 263 OF 2012
 
IN
FA/147/2011
1. BRANCH MANAGER, IDBI BANK
...........Appellants(s)
Versus 
1. SAMEER JAIN & ORS.
...........Respondent(s)

BEFORE: 
 HON'BLE MR. JUSTICE ASHOK BHAN, PRESIDENT
 HON'BLE MRS. VINEETA RAI, MEMBER
 HON'BLE MR. DR. S.M. KANTIKAR, MEMBER

For the Appellant :
Mr.Kewal Singh Ahuja, Advocate
For the Respondent :
For Respondents 1,2 : Mr.G.L.N. Murthy, Advocate for Mr.Krishan
Kumar, Advocate
For Respondent No.3 : Ms.Narita Yadav, Advocate

Dated : 08 Mar 2013
ORDER

Operation of the impugned order was stayed subject to deposit of 50% of the awarded amount before this Commission within 6 weeks.  In pursuance to the direction issued, appellant has deposited Rs.21,40,000/- with this Commission.

Respondent has filed this application seeking release of the deposited amount. 

Office is directed to release the amount to the complainant/respondents No.1 and 2 subject to their furnishing continuous bank guarantee for restitution of the amount in case the appeal succeeds.

M.A. stands disposed of accordingly.

 

 
......................J
ASHOK BHAN
PRESIDENT
......................
VINEETA RAI
MEMBER
......................
DR. S.M. KANTIKAR
MEMBER

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