The debt recovery appellate tribunal extended till November 19 the deadline set for filing affidavit to declare assets of stock broker Ketan Parekh and his relatives Kirtikumar Parekh and Kartik Parekh in three suits filed by Bank of India for recovery of Rs 130 crore in connection with the pay order scam. Hearing an appeal filed by Ketan Parekh and others, the presiding officer of appellate tribunal, V R Datar extended the time limit until November 19.
The Debt Recovery Tribunal (DRT) had on April 11 directed Ketan Parekh and others to file such an affidavit and had also restrained them from disposing of their assets. This order was confirmed on September 25. Being aggrieved, Parekh and others filed an appeal through their lawyer Nishit Druva.
An application urging review of September 25 order of the DRT has also been filed by Ketan Parekh and others which would be heard on November 20 by presiding officer K Y Jagtap. The DRT would also hear on November 20 another application moved by Parekh and relatives seeking a stay on the proceedings before it on the ground that Ketan was a notified party and any order concerning his properties could not be passed without the consent of the custodian.
On November 20, DRT would hear yet another application filed by Ketan Parekh seeking contempt action against Bank of India for issuing without permission a public notice on April 13 in newspapers declaring that DRT had attached his property.
Bureau Report