State Bank of India v. Indhumathi Refineries Private Ltd.
What the court decided
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 221/2022 in A.IR:154/2022
M/S Capital Clothing Co & Ors V/S A.O.,Union Bank Of India
19/07/2022
This Appeal is coming up for statutory deposit. As per the conditional Order dated 05.07.2022, Appellants shall deposit Rs.20,23,44,818/-, on or before 18.07.2022 and failure to deposit of said amount would result in rejection of the Appeal.
Today, Learned Counsel for Appellants submitted that money is not deposited and sought further time. As it is a conditional order, request for further time is refused. Hence, the Appeal A.IR:154/2022 is rejected for non compliance of Order dated 05.07.2022, namely deposit required under Section 18(1) of SARFAESI Act, 2002. All pending IAs, if any, stand closed.
Sd/Chairperson
Parties & counsel
- appellant
M/S Capital Clothing Co & Ors
- respondent
A.O., Union Bank Of India
Coram
Chairperson
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090001542022
- Topic
- Banking and Recovery
All orders in this case
6 orders share this CNR
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