Backyard Agro Farms and Poultry v. Canara Bank
Case brief
What is this about?
The Tribunal received an appeal under the SARFAESI Act. It noted the application was barred by limitation and had procedural defects. It directed the applicant to cure defects and file condonation of delay within 15 days and set a hearing date.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Diary no.399/2021; Date : 22/04/2022
M/s. Backyard Agro Farms and Poultry.………...Appellant
Vs.
Syndicate Bank now Canara Bank & ors.……….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. Nemani Srinivas.
Scrutiny of the application reveals the followings:
The application has been filed on behalf of M/s. Backyard Agro Farms and Poultry against the order dt.05.04.2021 in SA/68/2020 passed by the Ld. Presiding Officer, DRT-I, Hyderabad. Application fees of Rs.8,005/- vide T.R. no.115128 dt. 13.07.2021 has been paid along with the application.
The Vakalatnama has been filed by the Ld. Advocate, Mr. Nemani Srinivas.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is not filed well within the period of Limitation but petition for condonation of delay is filed.
Issues for consideration
1 issue framed by the court
Whether to admit an application filed beyond the limitation period under Section 18 of the SARFAESI Act without immediate condonation.
Parties & counsel
- appellant
M/s. Backyard Agro Farms and Poultry
- respondent
Syndicate Bank
Case details
As recorded by the court registry
All orders in this case
6 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court