K Natarajan v. Union Bank of India
Case brief
What is this about?
This order rejects an appeal due to the appellant's failure to comply with a statutory deposit requirement (Rs. 52,95,530/-) within the prescribed deadline, despite a claim of a pending S.C. appeal lacking a stay order.
What did the court decide?
Appeal rejected for non-compliance of deposit order dated 29.09.2022.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 294/2022 In A.IR:199/2022
K.Natarajan & Anr V/S A.O.,Union Bank Of India
14/10/2022
This Appeal is coming up for statutory deposit. As per the conditional Order dated 29.09.2022, Appellants shall deposit Rs.52,95,530/- on or before 13.10.2022, and failure to deposit of said amount would result in rejection of Appeal.
Today, Counsel for Appellants represented that an Appeal is preferred before Hon’ble Supreme Court, but no details are furnished. As there is no stay from any court, Order dated 29.09.2022 has to be given effect. Therefore, for non compliance of Order dated 29.09.2022, Appeal A.IR:199/2022 is rejected.
Sd/Chairperson
Parties & counsel
- appellant
K.Natarajan & Anr
- respondent
A.O., Union Bank Of India
Coram
Chairperson
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · October
- CNR
- 331090001992022
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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