Dismissed
Icici Bank Limited in the Matter M/S. Perfect Infraengineers Ltd. and Anr. v. Icici Bank Limited and Ors.
DRATIA/626/2022
Case brief
AI extract
What is this about?
The Debts Recovery Appellate Tribunal dismissed the appeal filed by the appellant for failure to make the mandatory pre-deposit under Section 18(1) of the SARFAESI Act. The court also dismissed the incidental application filed by the respondent for rectification as it was not pressed forward.
What did the court decide?
The appeal is dismissed for non-compliance of the pre-deposit under Section 18(1) of the SARFAESI Act. The incidental application for rectification is dismissed as not pressed.