Sri Laxmi flour mills company v. South Indian Bank
Case brief
What is this about?
This interim application seeking to advance the hearing of a waiver application was dismissed by the Debt Recovery Appellate Tribunal. The court held that deciding the waiver was unnecessary given that the appellants were willing to deposit the entire amount, thereby rendering the specific waiver exercise redundant.
What did the court decide?
Application to advance hearing of waiver application dismissed.