Allowed
Ms Mcsys Auto Ancilliaries Pvt. Ltd. Rep by Mr Manohar Selvaraj v. State Bank of India
DRATREGULAR APPEAL/51/2022
Case brief
AI extract
What is this about?
M/S Mcsys Auto Ancilliaries Pvt Ltd sought to restore appeals rejected for failure to deposit statutory amount under SARFAESI Act within prescribed time. Considering subsequent deposit and lack of opposition, the Tribunal allowed applications, set aside rejection orders, and directed registration of appeals.
What did the court decide?
Applications allowed; rejection of Common Order dated 08.09.2022 set aside; office directed to register appeals.