The DTAT dismissed the appeal filed by M/s. Europa Foams Pvt. Ltd. & Ors. against the direction to deposit ₹2.71 crores as pre-deposit, held infructuous due to the appellants' non-compliance with the Tribunal's order.
The appeal and miscellaneous applications have been dismissed.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
Appeal on Diary No. 1740/2023
Between
M/s. Europa Foams Pvt. Ltd. & Ors. … Appellant/s V/s. Rajkot Nagrik Sahakari Bank Ltd. …Respondent/s Mr. J.R. Shah, Advocate for Respondent.
-: Order dated: 02/11/2023:-
The vide order dated 11.10.2023, the Appellants were directed to deposit a sum of ₹2.71 crores as pre-deposit in five instalments.
The Appellants have not complied with the direction of this Tribunal to make the pre-deposit.
Hence, the appeal stands dismissed. Miscellaneous if are dismissed as Applications, any, infructuous.
Sd/Chairperson psa-09
1
1 issue framed by the court
Whether the appeal should be dismissed following the appellant's failure to comply with the direction to make a pre-deposit.
M/s. Europa Foams Pvt. Ltd. & Ors.
Rajkot Nagrik Sahakari Bank Ltd.
Ashok Menon
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
