S Jayaram Chowdary v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Kolkata dismissed the appeal for lack of maintainability on the ground that the mandatory pre-deposit order of the High Court and the Tribunal had not been complied with.
What did the court decide?
Appeal dismissed for non-compliance with pre-deposit order; pending applications disposed of; interim order vacated.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Dy No. 579 of 2022
(Arising out of SA No. 45 of 2021 in DRT-1 Hyderabad)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
10.07.2023 Sudalagunta Jayaram Chowdary & 2 ors ... Appellants -VsState Bank of India & ors ... Respondent Mr. Shreyash Basu Dasgupta, Learned Counsel for the Appellant Mr. Shamit Sanyal, Learned Counsel Mr. Sabyasachi Roy, Learned Counsel for the Respondent No. 2 Mr. Nemani Srinivas, Learned Counsel for the Respondent No. 3.
THE APPELLATE TRIBUNAL :
Compliance of the order dated 13th February, 2023 regarding pre deposit is not made. There is an order of the Hon’ble High Court of Telangana at Hyderabad dated 23rd March, 2023 to the effect that subject to petitioners depositing Rs.11 Crores before 31.03.2023 there shall be stay of the order dated 13.02.2023 passed in I.A. No. 387 of 2022 and Appeal Dy. No. 579 of 2022 passed by the DRT. This order is not complied. Even the order dated 13th February, 2023 is not complied. Accordingly, Dy No. 579 of 2022 is dismissed for being not maintainable as pre deposit is not made.
2
Pending I.A.s if any, are disposed of accordingly. Interim order, if any, stands vacated.
Parties & counsel
- appellant
Sudalagunta Jayaram Chowdary & 2 ors
- respondent
State Bank of India & ors
Coram
Anil Kumar Srivastava
Case details
As recorded by the court registry
All orders in this case
6 orders share this CNR
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