The Debts Recovery Appellate Tribunal granted the appellant five weeks to deposit the balance pre-deposit amount owed to the respondent bank, noting the appellant's bonafide efforts despite partial default.
Granted five weeks time to deposit the balance pre-deposit amount, with a warning of dismissal if not complied.
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.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. 642/2022 (Extension of Time)
In Appeal on Diary No. 568/2021
Between
M/s. K.K. Associates & Anr. … Appellant/s V/s.
State Bank of India …Respondent/s
Mr Sudhir Halli, i/b Ms Ruchira Halli, Advocate for Appellant.
Mr Vivek Sawant along with Ms Asmita Maurya, Advocate for the Respondent.
-: Order dated: 20/12/2022:-
1
amount from today. There shall be no further extension of time. In default, the appeal shall stand dismissed without any further reference to this Tribunal.
Chairperson
psa-21
2
1 issue framed by the court
Whether an extension of time should be granted for depositing the balance pre-deposit amount under Section 21 of the RDB Act.
1 provisions across 1 enactments
M/s. K.K. Associates & Anr.
State Bank of India
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
