Messers Maruthi Agencies v. Lakshmi Vilas Bank and Anr.
Case brief
What is this about?
Banking appeal filed for reporting compliance of statutory deposit. Appellant failed to deposit the required amount by the stipulated date without representation. The appeal was rejected due to non-compliance of the conditional order regarding deposit. Thus, the appeal is effectively dismissed for default.
What did the court decide?
The appeal was rejected for non-compliance of the conditional order seeking deposit of Rs.35,53,179/-. No orders were passed on the merits of the appeal.