M s Keerthana Automobiles v. Punjab National Bank
Case brief
What is this about?
The DRAT at Chennai declined the appeal of M/S Keerthana Automobiles against Punjab National Bank for non-compliance with office objections and failure to file a waiver petition or deposit under Section 18(1).
What did the court decide?
Declined the appeal due to non-compliance with office objections and Section 18(1) deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
A.IR:1/2023
M/S Keerthana Automobiles & Ors V/S A.O.,Punjab National Bank
09/02/2023
Appellant counsel present.
Few office objections are yet to be complied despite sufficient opportunities given.
Further neither the Appellant has filed any Waiver petition nor complied with the provisions of Deposit under section 18(1) of the Act.
Accordingly, Appeal is declined in terms of Rule 6 (4) of the DRAT Procedure Rules, 1994 as office objections are not complied in reasonable time.
Sd/Registrar
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed despite non-compliance with office objections and deposit under Section 18(1).
Parties & counsel
- appellant
M/S Keerthana Automobiles & Ors
- respondent
A.O., Punjab National Bank
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · February
- CNR
- 331090000012023
- Topic
- Arbitration
All orders in this case
5 orders share this CNR
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