Ross Deas & Anr. v. Central Bank of India

…Appellant

Central Bank of India

…Respondent

Case No: Appeal No. 37/2008

Date of Judgement: 14/09/2023

Judges:

Mr Justice Ashok Menon, Chairperson

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Facts:

Arguments by the Appellants:

Arguments by the Respondent Bank:

The Respondent bank was represented by Mr. R. K. Jha, advocate, and Ms. Swarnima Singh, Law Officer. (No specific arguments by the Respondent bank are mentioned in the order.)

Conclusion:

Based on the above analysis, the Tribunal allowed the appeal, set aside the impugned judgment and order of the D.R.T. dated 18/07/2007 as regards defendants 3 and 4 (the Appellants), discharged them from the debt and liability of the 1st defendant company, and directed the Recovery Certificate to be modified accordingly.