Toleti Venkateswara Rao and Anr. v. Idbi Bank
Case brief
What is this about?
The Debts Recovery Appellate Tribunal at Kolkata received an application dated 01/10/2018 challenging an order from DRT-1, Hyderabad. The tribunal found the application barred by limitation and noted procedural defects including missing Annexures and non-compliance with pre-deposit requirements. Application was adjourned for removal of defects.
What the court decided
A compact analysis
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Diary no.259/2018 Dt.:01/04/2022
Toleti Venkateswara Rao & anr..………...Appellant Vs.
IDBI Bank Ltd. & ors……….Respondents
Received an application under section 20 of Recovery of Debts due to Banks and Bankruptcy Act, 1993 presented by Ld. Advocate, Mr. Nemani Srinivas.
Scrutiny of the application reveals the followings:
The application has been filed on behalf of Toleti Venkateswara Rao & anr. against the order dt.27.08.2018 in OA/868/2016 passed by the Ld. Presiding Officer-1, DRT-1, Hyderabad. Application fees of Rs.30005/- vide T.R. no.112786 dt. 01.10.2018 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 within the period of Limitation.
The following defects are noted from the Application:
Parties & counsel
- appellant
Toleti Venkateswara Rao & anr.
- respondent
IDBI Bank Ltd. & ors
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 191090002592018
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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