N.K.Preman v. Punjab National Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal rejected the filed appeal due to the appellant's failure to deposit the required sum of Rs. 30,36,822/- as per a conditional order by the specified deadline.
What did the court decide?
The appeal (AIR (SA) 740/2023) is rejected for non-compliance with the conditional order dated 31.7.2023 regarding statutory deposit.
What the court decided
A compact analysis
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 263/2023 in A.IR:740/2023
N.K.Preman V/S Punjab National Bank & Anr
16/08/2023
This appeal is coming up today for reporting compliance of statutory deposit.
As per conditional order dated 31.7.2023 passed in IA 263/2023(Waiver), appellant shall deposit a sum of Rs.30,36,822/- on or before 14.8.2023 and failure to deposit the same would result in dismissal of appeal.
Today Ld. Counsel for appellant submitted that money is not deposited and sought further time. As it is a conditional order, request for further time is refused.
Therefore, Appeal AIR (SA) 740/2023 is rejected, by giving effect to order dated 31.7.2023 for non compliance of statutory deposit
Sd/Chairperson
Issues for consideration
1 issue framed by the court
Whether the appeal merits continuation in view of non-deposit of statutory security within the stipulated time.
Parties & counsel
- appellant
N.K. Preman
- respondent
Punjab National Bank & Anr
Case details
As recorded by the court registry
All orders in this case
4 orders share this CNR
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