Ms Mondal Traders and Ors. v. Indian Bank
Case brief
What is this about?
This order records the receipt of an application under Section 18 of the SARFAESI Act. The Tribunal noted defects including illegible pages and insufficient pre-deposit for the waiver application. Consequently, the matter was posted for issuing issue summons.
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.159/2022 Date: 06/06/2022
M/s. Mondal Traders & Ors ...………...Appellants
Vs.
Indian Bank.... .……….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. Gaurav Singh.
Scrutiny of the application observed the followings:
The application has been filed on behalf of M/s. Mondal Traders & Ors against the order passed by the Ld. Presiding Officer, DRT-1 Kolkata order dated 22-03-2022 in SA/253/2018. Application fees of Rs.28755/- vide T.R. no.115676 dt.20-05-2022 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.
Waiver application filed.
Issues for consideration
2 issues framed by the court
Whether the application under section 18 of the SARFAESI Act is maintainable despite delay in filing.
Whether the waiver application stands admitted in absence of minimum pre-deposit.
Parties & counsel
- appellant
M/s. Mondal Traders & Ors
- respondent
Indian Bank
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · June
- CNR
- 191090001592022
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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