Appeal No. 09 of 2020-DRAT-Kolkata

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA

Appeal No. 09 of 2020

(Arising out of O.A. 475 of 2019 in DRT-1, Kolkata)

THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA

CHAIRPERSON

1. Sri Bivas De, son of late Netai Chand De, residing at 4/27,

Mukherjee Para Road, Charakdanga, 1^st Lane, Kolkata – 700 124;

2. Smt. Piyali De, wife of Sri Bivas De, residing at 4/27,

Mukherjee Para Road, Charakdanga, 1^st Lane, Kolkata – 700 124.

… Appellants

-Versus-

1. HDFC Bank Limited, incorporated under the Companies Act, 1956

carrying on business under the licence granted by Reserve

Bank of India under Banking Regulation Act having its Regional

Office at Gillander House, 1^st Floor, Block-A, 8, N.S. Road, Police

Station – Hare Street, Kolkata – 700 001;

2. The Chief Manager (Contracts) ERD, Indian Oil Corporation

Limited (IOC Limited), Indian Oil Bhavan, 2, Gariahat Road

(South), Kolkata – 700 068.

… Respondents

Counsel for the Appellants

…

Mr. K. J. Tiwari with

Mr. Prantick Ghosh, Mr. Prasad

Bhattacharya and Mr.