Minor Sanjeeth v. Idbi Bank Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal considered an appeal by a debtor seeking a fresh extension of time to deposit a statutory amount. Having already granted a four-week extension, the Bench refused further adjournment due to non-compliance and discharged the appeal.
What did the court decide?
AIR (SA) 358/2022 is rejected without granting any further time for compliance of statutory deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 30th day of October, 2023
PRESENT: HON'BLE MR. JUSTICE S.RAVI KUMAR CHAIRPERSON
AIR(SA) 358/2022
(SA 373/2020 on the file of DRT, Coimbatore)
Between
Minor Sanjeeth, Rep. by next friend, Maternal Grandfather K.P. Ponnusamy, Karattupalayam, Oodaiyam Village, Aalampalayam Post, Kangeyam Taluk, Tirupur District 638 105. …Appellant
And
- Authorised Officer,
M/s IDBI Bank Ltd. No.66, Aanoor Amman Complex,
Sathy Main Road, Erode 638 003.
- S. Dhanavel, S/o Late V.K. Sundaram, Vellottamparappu Post, Kodumudi Taluk, Erode District.
Issues for consideration
2 issues framed by the court
Whether the appellant's application for further extension of time for compliance of statutory deposit was meritorious given the prior grant of four weeks' extension.
Whether the debtor's failure to comply with the extended order justified the discharge of the appeal.
Parties & counsel
- appellant
Minor Sanjeeth, Rep. by next friend, Maternal Grandfather K.P. Ponnusamy
- respondent
Authorised Officer, M/s IDBI Bank Ltd.
- respondent
S. Dhanavel
- respondent
M/s V.K.S. Agro Foods Hi Tech Rice Indusry, Rep. by its Partner, Mr. S. Dhanael
- respondent
M/s SKM Animal Feeds and Foods (India) Private Limited, Rep. by its Managing Director, Dr. M. Chandrasekar
Case details
As recorded by the court registry
All orders in this case
19 orders share this CNR
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