The Debt Recovery Appellate Tribunal dismissed Appeal MA 59/2014 for default as the appellant bank failed to appear on the listing date despite being given a chance to prosecute.
Appeal MA 59/2014 was dismissed for default due to the non-appearance of the appellant.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 11th day of December, 2023
PRESENT: HON'BLE MR. JUSTICE S.RAVI KUMAR CHAIRPERSON
MA 59/2014
(MA No.168/2013 in OA 365/2007 on the file of DRT-III, Chennai)
Between
Kotak Mahindra Bank Ltd.
Asset Recovery Management Branch, Regional Office, No.20, Apex Chambers, Sir Theyagaraya Road, T. Nagar, Chennai 600 017.
….Appellant
And
R1 to R4 are residing at:
383/96B, GST Road,
Tambaram, Chennai 600 043.
1
R5 to R16 are given up.
2
ORDER
No representation for appellant bank. Ld. Counsel for R1 to R4 reported ready. R5 to R16 are already given up.
This matter is posted today for dismissal as appellant was absent on previous hearing i.e., 22.11.2023.
To give an opportunity to the appellant, matter is posted to this date under the caption of ‘dismissal”. In spite of that, appellant evinced no interest in prosecuting the appeal.
Therefore, Appeal MA 59/2014 is dismissed for default.
Sd/[Justice S. Ravi Kumar] CHAIRPERSON
3
Kotak Mahindra Bank Ltd.
Mrs. K. Valarmathi
Mr. K. Senthil Kumar
Mrs. K. Padmakumari
Mr. K. Sethuraman
M/s Kandan Trading Pvt. Ltd.
S. Ravi Kumar
As recorded by the court registry
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