to the Director of the appellant Company, the relevant portion of which reads as under: “As regards the liabilities, we wish to state that the amount due as on 30.11.2010 is Rs.3467.89 Lakhs after appropriation of a sum of Rs.410.00 lakhs collected after filing of suit and Rs.5525.00 lakhs being the sale proceeds of property said above.” (Page 226) Learned Solicitor General submits that if the Bank is allowed to appropriate this amount, then he has no objection to the appeal of the appellant being heard on merit by the DRAT. We direct that the Indian Bank would be at liberty to appropriate the amount which is already with the Bank, however, this would be subject to the final decision of the appeal by the DRAT. In the facts and circumstances of this case, we direct the DRAT to hear and dispose of the appeal on all questions of law, as expeditiously as possible, in any event, within two months from the date of the communication of this order. These appeals are accordingly disposed of, leaving the parties to bear their own respective costs.
.....................J (DALVEER BHANDARI) .....................J (DEEPAK VERMA)
New Delhi; February 25, 2011.