Chemsol Labs Pvt. Ltd. v. Oriental Bank of Commerce
Case brief
What is this about?
Debts Recovery Appellate Tribunal Kolkata received an application under Section 18 of SARFAESI Act, 2002 filed by M/s. Chemsol Labs Pvt. Ltd against an order of DRT-2, Hyderabad. The Registry noted defects including missing timeline, condonation application, and notice copy, directing rectification within 15 days.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
DY. no.171/2020 Date: 21/04/2022
M/s. Chemsol Labs Pvt. Ltd & ors.. ...………...Appellants
Vs.
Oriental Bank Of Commerce ...... .……….Respondent
Received an application under section 18 of Securitization and Reconstruction of Financial Assets and Enforcement of Security interest Act,2002,presented by Ld. Advocate, Mr. Jishan Ahmed.
Scrutiny of the application observed the followings:
The application has been filed on behalf of M/s. Chemsol Labs Pvt. Ltd & ors against the order passed by the Ld. Presiding Officer, DRT-2, Hyderabad, order dated 07-01-2020 in IA/6296/2019 in SA/243/2019. Application fees of Rs.205/- vide T.R. no.114517 dt.19-022020 has been paid along with the application.
The case is under the jurisdiction of this Appellate Tribunal.
Waiver application is filed.
The following defects are noted from the Application:
Issues for consideration
3 issues framed by the court
Whether the appeal filed under Section 18 of SARFAESI Act, 2002 is in conformity with procedural requirements.
Whether the defects noted in the appeal application warrant dismissal without opportunity to cure.
Whether the application meets jurisdictional and filing conditions.
Parties & counsel
- appellant
M/s. Chemsol Labs Pvt. Ltd & ors.
- respondent
Oriental Bank Of Commerce
Case details
As recorded by the court registry
All orders in this case
5 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court