Sri Ravichandra Granite Industries v. Canara Bank
Case brief
What is this about?
Registry order regarding a transfer petition under Section 17-A(2) of the RBI Act, 1993, filed by M/s. Ravichandra Granit Industries to shift proceedings from DRT-I to DRT-II Hyderabad. Registry issues notice for service and posts the matter for filing an affidavit.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA Transfer Petition no.4/2021; Date : 12/05/2022
M/s. Ravichandra Granit Industries.………...Appellant
Vs.
Canara Bank.……….Respondents
Received an application under section 17-A(2) 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 M/s. Ravichandra Granit Industries praying for transferring directions of SA no.336 of 2019, which is pending before Debts Recovery Tribunal-I, Hyderabad to Debts Recovery Tribunal-II, Hyderabad. Application fees of Rs.205/- vide T.R. no.115160 dt. 03.08.2021 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.
Issue notice.
Post this matter on 15.07.2022 for filing of affidavit for service.
Issues for consideration
1 issue framed by the court
Whether to entertain a transfer petition under Section 17-A(2) of the RBI Act, 1993 to transfer a hearing from DRAT-I to DRAT-II Hyderabad?
Parties & counsel
- appellant
M/s. Ravichandra Granit Industries
- respondent
Canara Bank
Case details
As recorded by the court registry
All orders in this case
4 orders share this CNR
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