The Debt Recovery Appellate Tribunal rejected the appeal for non-compliance with a conditional order requiring a statutory deposit, refusing an extension due to the absence of a stay order.
Appeal AIR 127/2022 is rejected for non-compliance of statutory deposit.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 230/2022 in A.IR:127/2022
Elangovan V/S A.O.,Fullerton India Home Finance Co Ltd
17/04/2023
This appeal is coming up today for reporting compliance of statutory deposit.
As per conditional order dated 29.3.2023 passed in IA 230/2022 (Waiver), appellant shall deposit a sum of Rs.8,19,737/- on or before 13.4.2023 and failure to deposit the same would result in dismissal of appeal.
Today Ld. Counsel for appellant submitted that money is not deposited and filed a memo stating that appellant has filed a Writ Petition before Hon’ble High Court of Madras against order of this Tribunal and requested for further time. However, no stay order is produced and as it is a conditional order, request for further time is refused.
Therefore, Appeal AIR 127/2022 is rejected, by giving effect to order dated 29.3.2023 for non compliance of statutory deposit.
Sd/Chairperson
Elangovan
A.O.,Fullerton India Home Finance Co Ltd
Chairperson
As recorded by the court registry
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