The Tribunal dismissed an application for further extension of time to pay the second instalment of a pre-deposit in an appeal. The Tribunal also dismissed the underlying appeal for breach of payment terms.
Application for extension of time dismissed; Appeal dismissed for breach of payment terms.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. No. 113/2023 (Extension of time) In
Appeal on Diary No. 1472/2022
Between
Manojkumar Sureshchand Lunkad & Ors. … Appellant/s V/s. The Authorised Officer, …Respondent/s
The Authorised Officer, Punjab National Bank & Ors.
Mr Vipinchandra Kasle, Advocate for Appellants.
Ms Hema Desai, i/b M/s. Singh & Co., Advocate for Respondent No. 1.
Mr Puneet Gogad, Advocate for Respondent No. 3 to 5.
Heard both sides. This application is filed by the Appellant for seeking an extension of time to pay the second instalment of the pre-deposit directed to be made.
1
first instalment in full.
All Misc. Application, if any, is dismissed as infructuous.
rm-29
Sd/Chairperson
2
2 issues framed by the court
Whether further extension of time to pay the second instalment of pre-deposit can be granted despite prior direction that no further time would be granted.
Whether the breach of payment terms discharges the appeal.
Manojkumar Sureshchand Lunkad & Ors.
The Authorised Officer, Punjab National Bank & Ors.
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
