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SYED CHAND BASHA   06 September 2017

With drawl of deposited amount in DRT

The gurantator has deposited amount in DRT to revoke the case aginst the auctioned property. The gurantator wants to with draw the case. 1) what is the procedure to with draw the case and draw the deposited amount 2) does the deposited amount gets interest ,since the amount was deposited before five years .if how much % interest


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 2 Replies

Siddharth Srivastava (Advocate)     06 September 2017

As such no interest is payable on deposited amount in court. Settle the matter with Bank and Bank will withdraw the case. You can also make offer of settlement in DRT. Sidharth 9811776422

SYED CHAND BASHA   07 September 2017

Than you very much for your kind reply.As mentioned earlier the property has been auctioned and sale certificate has been issued by bank to bidder .sale certificate is not registered .

in this cenariao does the bank has right to offer settelement without bidders concent .


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