Sukumar Nandlal Shah v. Indian Overseas Bank and Ors.
Case brief
What is this about?
The appeal on Diary No. 524/2022 was dismissed for non-compliance with a direction to deposit Rs. 17 Crores under Section 18(1) of the SARFAESI Act within two weeks.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
Appeal on Diary No. 524/2022
Between
Sukumar Nandlal Shah … Appellant/s V/s.
Indian Overseas Bank & Ors. …Respondent/s
Mr. Anthony Fernandes, i/b M/s. Nedumpara & Nedumpara, Advocate for Appellant.
Mr. Alok Mishra, i/b M/s. T. N. Tripathi & Co., Advocate for Respondent No.1.
-: Order dated: 23/08/2022:-
Vide order dated 05.08.2022 the Appellant was directed to deposit a sum of Rs. 17 Crores before this Tribunal u/s 18(1) of the SARFAESI Act within two weeks i.e. on or before 22.08.2022.
The office reported that the order has not been complied with. Since it is self-working order, the appeal would stand dismissed on non-compliance.
Accordingly, the Appeal on Diary No. 524/2022 stands dismissed.
Parties & counsel
- appellant
Sukumar Nandlal Shah
- respondent
Indian Overseas Bank & Ors.
Coram
Ashok Menon
Case details
As recorded by the court registry
All orders in this case
4 orders share this CNR
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