Minor Sanjeeth v. Idbi Bank Ltd.
Case brief
What is this about?
The Appellate Tribunal rejected the appellant's application for further extension of time to make a statutory deposit, as the necessary formalities for a new request were not met. Consequently, the appeal was dismissed due to non-compliance with existing extended orders.
What did the court decide?
Rejection of application for further time; dismissal of appeal AIR (SA) 358/2022 on account of non-compliance with statutory deposit orders.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 507/2022
in
A.IR:358/2022
Minor Sanjeeth V/S Idbi Bank Ltd &Ors
30/10/2023
This matter is coming up today for compliance of statutory deposit.
As per Common order dated 5.9.2023 passed in IA 505/2022 (waiver) in AIR (SA) 356/2022, IA 506/2022 (Waiver) in AIR (SA) 357/2022 and IA 507/2022 (Waiver) in AIR 357/2022,appellant has to deposit a sum of Rs.2,06,43,469/- on or before 20.9.2023 and the matter posted to 21.9.2023 for compliance. However, appellant without complying the said order filed IA 368/2023 seeking extension of time and specifically sought four weeks time for compliance of conditional order dated 5.9.2023. That application was considered and allowed on 25.9.2023 and time was extended for deposit of amount till 23.10.2023 and posted to 26.10.2023 for compliance. As chairperson was on leave on 26.10.2023, it is posted to this date for compliance.
Today, without complying the conditional order, advocate for appellant sought further time and submitted that another petition is filed for extension of time. But, no such application is registered or placed along with the matter. Once time of four weeks is extended only on the request of appellant, I am not inclined to grant any further time.
Issues for consideration
2 issues framed by the court
Whether further time should be granted for compliance given that previous extension was formally allowed.
Whether an appeal should be admitted when the appellant failed to make the required statutory deposit by the extended deadline.
Parties & counsel
- appellant
Minor Sanjeeth
- respondent
Idbi Bank Ltd & Ors
Coram
Chairperson
Case details
As recorded by the court registry
All orders in this case
19 orders share this CNR
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