Mrs Selvi S v. Fullerton India Home Finance Co. Ltd.
Case brief
What is this about?
The Principal Debt Recovery Appellate Tribunal rejected the appeal for non-compliance of an earlier order requiring a statutory deposit under Section 18(1) of the SARFAESI Act, 2002. Failure to deposit led to dismissal.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 582/2019 In A.IR:157/2021
Mrs.Selvi.S V/S A.O.,Grihashakti
26/07/2022
This Appeal is coming up for statutory deposit. As per the conditional Order dated 08.07.2022, the Appellant shall deposit Rs.86,79,824/-, on or before 21.07.2022 and failure to deposit of said amount would result in dismissal of the Appeal.
Today, Learned Counsel for Appellant submitted that money is not deposited and sought further time. As it is a conditional order, request for further time is refused. Hence, the Appeal A.IR:157/2021 is rejected for non compliance of Order dated 08.07.2022, namely deposit required under Section 18(1) of SARFAESI Act, 2002. All pending IAs, if any, stand closed.
Sd/Chairperson
Parties & counsel
- appellant
Mrs. Selvi. S
- respondent
A.O., Grihashakti
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090001572021
- Bench
- S Ravi Kumar
All orders in this case
6 orders share this CNR
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