Idbi Bank v. Ms D P Agro Mills Private Limited
Case brief
What is this about?
Order recording receipt of an appeal under Section 18 of the SARFAESI Act, 2002 against a DRT order. Notes the appeal is filed beyond the limitation period with a petition for condonation of delay. Directions issued to serve summons.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
DY. no.204/2022 Date: 07/06/2022
IDBI Bank Ltd & Anr ...………...Appellants
Vs.
DP Agro Mills Pvt. Ltd & Ors.... .……….Respondents
Received an application under section 18 of the Securitisation & Reconstruction Of financial Assets & Enforcement of Security Interest Act,2002 presented by Ld. Advocate, Mr.SV Ramani.
Scrutiny of the application observed the followings:
The application has been filed on behalf of IDBI Bank Ltd & Anr against the order passed by the Ld. Presiding Officer, DRT-2, Kolkata order dated 04-01-2022 in IA/1304/2021 arising out of SA/162/2019. Application fees of Rs.30010/- vide T.R. no.115697 dt.31-052022 has been paid along with the application.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is not within the period of Limitation but accompanied with a petition for condonation of delay.
Issue Summons.
Issues for consideration
1 issue framed by the court
Whether the appeal falls within the time limit under Section 18 of the SARFAESI Act, 2002.
Parties & counsel
- appellant
IDBI Bank Ltd & Anr
- respondent
DP Agro Mills Pvt. Ltd & Ors
Case details
As recorded by the court registry
All orders in this case
7 orders share this CNR
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