Kannedari Koteswara Rao v. Union Bank of India
Case brief
What is this about?
The Debts Recovery Appellate Tribunal examined an appeal filed under Section 18 of the SARFAESI Act. The Tribunal noted procedural defects, specifically the lack of proper signing and authentication of annexures, and directed the issuance of summon.
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.78/2022 Date: 11/04/2022
Kannedari Koteswara Rao & 3 Ors ...………...Appellants
Vs.
Authorized Officer, Union Bank Of India ...... .……….Respondent
Received an application under section 18 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002.presented by Ld. Advocate, Mr. M. Narasimha Rao.
Scrutiny of the application observed the followings:
The application has been filed on behalf of Kannedari Koteswara Rao & 3 Ors against the order passed by the Ld. Presiding Officer, DRT-Visakhapatnam, order dated 23-03-2022 in IA/244/2022 arising out of SA/92/2022. Application fees of Rs.210/- vide T.R. no.115551 dt.06-04-2022 has been paid along with the application.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is well within the period of Limitation.
The following defects are noted from the Application:
Issues for consideration
2 issues framed by the court
Whether the appeal filed under Section 18 of the SARFAESI Act is maintainable and procedurally compliant.
Whether the defects in the annexures require issue of process.
Parties & counsel
- appellant
Kannedari Koteswara Rao & Ors.
- respondent
Authorized Officer, Union Bank Of India
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 191090000782022
- Topic
- Banking and Recovery
All orders in this case
4 orders share this CNR
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