Cbc Fashions Asia Pvt. Ltd. v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai rejected an appeal due to the appellants' failure to comply with a conditional order requiring a statutory deposit of Rs. 14,69,22,934/- by January 3, 2023.
What did the court decide?
Appeal AIR 528/2022 is rejected for non-compliance of statutory deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 528/2022
In
A.IR:423/2022
Cbc Fashions Asia Pvt Ltd & Anr V/S State Bank Of India
30/01/2023
No representation for petitioners/appellants.
This appeal is coming up today for reporting compliance of statutory deposit.
As per conditional order dated 20.12.2022 passed in IA 528/2022 (Waiver), appellants shall deposit a sum of Rs.14,69,22,934/- on or before 3.1.2023 and failure to deposit the same would result in dismissal of appeal.
Today, there is no representation for petitioners/appellants and it is reported that conditional order is not complied with.
Therefore, Appeal AIR 528/2022 is rejected, by giving effect to order dated
20.12.2022 for non compliance of statutory deposit.
Parties & counsel
- appellant
Cbc Fashions Asia Pvt Ltd & Anr
- respondent
State Bank Of India
Coram
Chairperson
Case details
As recorded by the court registry
All orders in this case
7 orders share this CNR
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