The tribunal dismissed the appeal for non-compliance of the order directing a predeposit under Section 18(1) of the SARFAESI Act. The appellate tribunal found the appellant failed to deposit the stipulated amount.
The appeal was dismissed due to failure to make the mandatory predeposit.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 260/2022
In
Appeal on Dairy No. 427/2022
Between
Dinesh Rikabchand Kothari V/s.
State Bank of India
… Appellant/s …Respondent/s
Ms Bhagyashree Keny, Advocate for Appellant. Ms. Merlyn Monteiro, Advocate for Respondent.
-: Order dated: 04/01/2023:-
The Appellant was directed to deposit amount towards predeposit u/s. 18 (1) of the SARFAESI Act. The order has not been complied with, and hence the appeal stands dismissed.
Misc. Applications, if any, are dismissed as infructuous.
rm-9
Sd/Chairperson
1
1 issue framed by the court
Whether the appeal can be maintained without the required predeposit under Section 18(1) of the SARFAESI Act.
1 provisions across 1 enactments
Dinesh Rikabchand Kothari
State Bank of India
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
