M s Peri Educational and Charitable Trust Mr. K.Saravanan Periyasamy v. Indian Overseas Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal considered applications to condone a 104-day delay in filing appeals against DRT orders. The Tribunal rejected the petitioners' reliance on a Supreme Court order extending limits, noting the educational institution was functioning during the period, and dismissed the applications for insufficient reasons.
What did the court decide?
Dismissal of applications IA-338/2022 & IA-339/2022 to condone delay and consequent rejection of appeals AIR (SA) 86/2022 & 87/2022.