Satrughan Prasad v. Punjab National Bank
Case brief
What is this about?
This registrar order upholds the jurisdiction of the Debt Recovery Appellate Tribunal. It notes procedural defects in an application filed for invoking Section 18 of the SARFAESI Act, including missing annexures, events list, and a deficit application fee.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appeal no.102/2019; Dt:29/03/2022
S. Prasad.………...Appellant
Vs.
Oriental Bank of Commerce……….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. Om Prakash Chowdhury.
Scrutiny of the application reveals the followings:
The application has been filed on behalf of S. Prasad against the order dt.15.11.2019 in SA/226/2019 passed by the Ld. Presiding Officer, DRT-2, Kolkata. Application fees of Rs.34135/- vide T.R. no.114155 dt. 28.11.2019 has been paid along with the application.
The Vakalatnama has been filed by the Ld. Advocate, Mr. Om Prakash Chowdhury.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is well within the period of Limitation.
Parties & counsel
- appellant
S. Prasad
- respondent
Oriental Bank of Commerce
Case details
As recorded by the court registry
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