M/s Vasantha Surgical Equiptments v. Authorized Officer SBI
Case brief
What is this about?
This order notes defects in the appellant's application under section 18 of the SARFAESI Act, including missing annexures and failure to mention bank draft details. The matter is returned to the applicant to correct defects within 15 days.
What the court decided
A compact analysis
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Diary no.274/2018; Dt.:01/04/2022
M/s. Vasantha Surgical Equipments…...Appellant
Vs.
State Bank of India & ors. ……….Respondents
Received an application under section 18 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 presented by Ld. Advocate, Mr. D. Raghavulu & Mr. D. Basu Roy.
Scrutiny of the application reveals the followings:
The application has been filed on behalf of M/s. Vasantha Surgical Equipments against the order dt.12.09.2017 in SAIR/419/2011 passed by the Ld. Presiding Officer, DRTII, Hyderabad. Application fees of Rs.205/- vide T.R. no.112835 dt. 16.10.2018s has been paid along with the application.
The Vakalatnama has been filed by the Ld. Advocate, Mr. D. Raghavulu & Mr. D. Basu Roy.
The case is under the jurisdiction of this Appellate Tribunal.
The Application is not within the period of Limitation but condonation for delay petition is filed.
Issues for consideration
3 issues framed by the court
Whether the defects in the application under section 18 of SARFAESI Act require removal before considering limitation.
Whether a petition for condonation of delay and waiver of predeposit is complete.
Whether the application is maintainable when it lacks the list of dates and events.
Parties & counsel
- appellant
M/s. Vasantha Surgical Equipments
- respondent
State Bank of India & ors.
Case details
As recorded by the court registry
All orders in this case
11 orders share this CNR
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