Dismissed
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?
The Debt Recovery Appellate Tribunal rejected three appeals filed by M/S Mcsys Auto Ancilliaries Pvt Ltd & Ors against State Bank Of India. The court dismissed the appeals due to non-compliance with a conditional Common Order mandating a statutory deposit of Rs.46,19,853/- under Section 18(1) of the SARFAESI Act, 2002. No further time was granted for the deposit.
What did the court decide?
Appeals A.IR:230/2022, A.IR:234/2022 & A.IR:243/2022 rejected for non-compliance of Common Order dated 24.08.2022.