Ms Vasantha Surgical Equipments v. State Bank Of India and Anr.
Case brief
What is this about?
This order acknowledges an appeal filed under Section 18 of the SARFAESI Act by Vasantha Surgical Equipments against a DRT order. The tribunal noted defects in the application, such as missing annexures and a primitive single book, and directed the appellant to rectify them within 15 days.
What did the court decide?
Appellant directed to remove procedural defects within 15 days from receipt of order.
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 Diary no.273/2018; Date : 05/05/2022
M/s. Vasantha Surgical Equipments.………...Appellant
Vs.
State Bank of India & anr.……….Respondents
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. D. Raghavulu.
Scrutiny of the application reveals the followings:
The application has been filed on behalf of M/s. Vasantha Surgical Equipments against the order dt.07.08.2018 in SA/1115/2017 passed by the Ld. Presiding Officer, DRTII, Hyderabad. Application fees of Rs.205/- vide T.R. no.112834 dt. 16.10.2018 has been paid along with the application.
The Vakalatnama has been filed by the Ld. Advocate, Mr. D. Raghavulu.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is not well within the period of Limitation but petition for condonation of delay is filed.
Issues for consideration
2 issues framed by the court
Whether to admit an application under Section 18 of the SARFAESI Act filed beyond the period of limitation.
Whether to condone the delay and waive the pre-deposit requirement.
Parties & counsel
- appellant
M/s. Vasantha Surgical Equipments
- respondent
State Bank of India & anr.
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 191090002732018
- Topic
- Banking and Recovery
All orders in this case
10 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court