M/ S Maruti Steel Tubes v. Indian Bank and Ors.
Case brief
What is this about?
This order dismisses an appeal for lack of mandatory pre-deposit. The appellant failed to deposit ₹4,79,41,557/- as ordered on 14.02.2023, and any recovery or extension beyond the fixed date was explicitly refused.
What did the court decide?
The appeal is dismissed as not maintainable for want of mandatory pre-deposit.
What the court decided
Appeal Dy No.570/2022 Date 13.04.2023
M/s Maruti Steel Tubes & ors. Vs Indian Bank & Ors.
The Hon’ble Court vide order 14.02.2023, directed the Appellant to deposit 4,79,41,557/- as pre deposit for maintaining the appeal prior to the next date fixed i.e. 17.04.2023, failing which, the Appeal shall stand dismissed as not maintainable for want of mandatory pre- deposit without further reference to Hon’ble Court.
As per office report dated 13.04.2023, no amount has been deposited by the Appellant till date, as stipulated by the Hon’ble Court.
In view of non compliance of the above order dated 14.02.2023, passed by the Hon’ble Court, the Appeal stand dismissed.
Issues for consideration
1 issue framed by the court
Whether the appeal shall be dismissed for non-mandatory pre-deposit despite court order directing deposit.
Parties & counsel
- appellant
M/s Maruti Steel Tubes & ors.
- respondent
Indian Bank & Ors.
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 091090005702022
- Topic
- Banking and Recovery
All orders in this case
10 orders share this CNR
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