On appeal relating to a SARFAESI matter, the Tribunal dismissed the appeal because the appellant failed to comply with a prior order directing a mandatory pre-deposit. Consequently, no amount was deposited, leading to dismissal.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson Appeal on Diary No. 89/2022
Between
Mr Prakash Balkrushna Parekh … Appellant/s V/s. Equitas Small Finance Bank Ltd. & Anr. …Respondent/s
Mr Shadab Khan, i/b Mr R. L. Motwani, Advocate for Respondents
-: Order dated: 11/10/2022:-
As per order dated 19.09.2022, the Appellant was directed to make pre-deposit under Sec. 18(1) of the SARFAESI Act. The Appellant did not comply with the order and has not deposited any amount. As a result of which the Appeal stands dismissed.
Sd/Chairperson
mks-10
1
1 issue framed by the court
What is the consequence of an appellant's failure to make a mandatory pre-deposit on appeal?
1 provisions across 1 enactments
Mr Prakash Balkrushna Parekh
Equitas Small Finance Bank Ltd. & Anr.
Ashok Menon
As recorded by the court registry
5 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
