R Tamilarasi v. Canara Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal rejected an appeal for non-compliance with a conditional order requiring a statutory deposit under Section 18(1) of the SARFAESI Act, 2002, marking the appellant's absence and failure to deposit the Rs. 5,80,000/- by the stipulated date.
What did the court decide?
The appeal A.IR:36/2022 is rejected for non-compliance with the conditional order dated 07.06.2022 regarding deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 180/2022 In A.IR:36/2022
R.Tamilarasi V/S A.O.,Canara Bank
05/07/2022
No representation for Appellant.
This Appeal is coming up for statutory deposit. As per the conditional Order dated 07.06.2022, the Appellant shall deposit Rs.58,00,000/-, on or before 04.07.2022 and failure to deposit of said amount would result in rejection of the Appeal.
Appellant neither complied with conditional order nor appeared, and hence, the Appeal A.IR:36/2022 is rejected for non compliance of Order dated 07.06.2022, namely deposit required under Section 18(1) of SARFAESI Act, 2002.
Sd/Chairperson
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed despite the appellant's non-compliance with the conditional order regarding statutory deposit.
Parties & counsel
- appellant
R. Tamilarasi
- respondent
A.O., Canara Bank
Coram
Chairperson
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090000362022
- Topic
- Banking and Recovery
All orders in this case
5 orders share this CNR
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