Excel Vinyl Coatings Pvt. Ltd. v. Union Bank of India
Case brief
What is this about?
Appellant failed to deposit the required statutory amount despite completing the limitation period, leading to the tribunal's rejection of the appeal.
What did the court decide?
Rejection of Appeal A.IR:194/2022 due to non-compliance with statutory deposit order.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 292/2022 In A.IR:194/2022
Excel Vinyl Coatings Pvt Ltd V/S A.O.,Union Bank Of India
14/10/2022
This Appeal is coming up for statutory deposit. As per the conditional Order dated 29.09.2022, Appellant shall deposit Rs.67,30,240/-, on or before 13.10.2022, and failure to deposit of said amount would result in rejection of Appeal.
Today, Counsel for Appellant represented that an Appeal is preferred before Hon’ble Supreme Court, but no details are furnished. As there is no stay from any court, Order dated 29.09.2022 has to be given effect. Therefore, for non compliance of Order dated 29.09.2022, Appeal A.IR:194/2022 is rejected.
Sd/Chairperson
Parties & counsel
- appellant
Excel Vinyl Coatings Pvt Ltd
- respondent
Union Bank Of India
Coram
Chairperson
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · October
- CNR
- 331090001942022
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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