M/ S Sudarshan Ceramics Pvt. Ltd. and Anr. v. Indian Overseas Bank
Case brief
What is this about?
In an appeal regarding a waiver application, the bank opposed the request, stating appellants failed to deposit the required pre-deposit amount. The single judge listed the case for further consideration on the waiver of pre-deposit.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Appeal Dy. No. 532/2022 Date: 12.12.2022
M/s Sudarshan Ceramics Pvt. Ltd. & Anr. Vs. Indian Overseas Bank
Present: None for the appellants,
Shri Maneesh Mehrotra, Advocate files his vakalatnama on behalf of the bank and submits that no amount has been deposited by the appellants towards pre-deposit and total amount due is more than Rs. 3.50 crores. Learned counsel has filed objection to the waiver application, which is taken on record and learned counsel undertakes to serve the same upon the counsel for the appellants within 48 hours.
List this case on 17.03.2023 for waiver.
Justice R. D. Khare Chairperson
Anupam
Issues for consideration
2 issues framed by the court
Whether the waiver of pre-deposit requirement under the Insolvency and Bankruptcy Code may be granted given the non-deposit of amounts towards pre-deposit.
Objections filed by the bank against the waiver application.
Parties & counsel
- appellant
M/s Sudarshan Ceramics Pvt. Ltd.
- respondent
Indian Overseas Bank
Coram
R. D. Khare
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · December
- CNR
- 091090005322022
- Topic
- Banking and Recovery
All orders in this case
4 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court