The Tribunal allowed the appellant's waiver application I.A. 484 of 2019 and disposed of I.A. 485 of 2019 after recording that over 25% of the debt was deposited. Adjourned the main appeal for hearing on 14.11.2022.
I.A. 484 of 2019 allowed; I.A. 485 of 2019 disposed of; appeal listed for hearing.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
(Appeal No. 38 of 2020)
(Arising out of S.A.254 of 2018 in DRT, Visakhapatnam)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
10.08.2022 M/s. Sri Sai Bhargavi Cotton Trading Company & 3 Others … Appellants -VsState Bank of India & 2 Others … Respondents Mr. Nemani Srinivas, Learned Counsel for Appellants Mr. Soudip Pal Choudhuri with Ms. Saswati Sikder, Learned Counsel for Respondent Bank
THE APPELLATE TRIBUNAL :
I.A. 484 of 2019
In view of the order dated 14th January, 2020, Appellant has already deposited more than 25% of the debt due and such factual matrix is not disputed by the Learned Counsel for Respondent. Accordingly, the waiver application, being I.A. 484 of 2019, is allowed.
Consequently, the put up application, being I.A. 485 of 2019, also stands disposed of.
Opposition filed by Respondent Bank today; taken on record. Rejoinder, if any, be filed within a period of three weeks.
List on 14th November, 2022 for hearing of the appeal. Interim order to continue till the next date of listing.
(Anil Kumar Srivastava,J) Chairperson
Dated: 10th August, 2022 19/ac
M/s. Sri Sai Bhargavi Cotton Trading Company & 3 Others
State Bank of India & 2 Others
Anil Kumar Srivastava
As recorded by the court registry
5 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
