Axis Bank v. Sri Lakshmi Vara Prasad Seethina
Case brief
What is this about?
The Debts Recovery Appellate Tribunal at Kolkata recorded receipt of an appeal under Section 18 of the SARFAESI Act. It noted delay without listing dates and issued summons for service.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA Diary no.610/2021; Dt:21/04/2022
Authorised Officer, Axis Bank Ltd. & anr .………...Appellant
Vs.
Sri Lakshmi Vara Prasad Seethina..……….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 Authorised Officer, Axis Bank Ltd. & anr. against the order dt. 13.09.2021 in SA/165/2020 passed by the Ld. Presiding Officer, DRT, Visakhapatnam. Application fees of Rs.50,005/- vide T.R. no.115351 dt. 22.11.2021 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 along with this.
Issues for consideration
1 issue framed by the court
Whether to condone delay in filing the application.
Parties & counsel
- appellant
Authorised Officer, Axis Bank Ltd. & anr.
- respondent
Sri Lakshmi Vara Prasad Seethina
Case details
As recorded by the court registry
All orders in this case
8 orders share this CNR
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