Partly allowed
S. Sivaperumal v. State Bank of India
DRATMISC APPEAL/33/2022
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal at Chennai allowed an application to advance the hearing of a waiver application and an advance hearing application. The court noted the deposit of 50% of the determined amount and directed the office to check compliance with the RDDB & FI Act before registering the appeal.
What did the court decide?
The waiver application (IA 378/2022) was advanced; the Hearing application (IA 389/2022) was allowed; the appellants were directed to obtain registration of the appeal upon compliance with Section 21.