The Appellants failed to make the scheduled second instalment of the pre-deposit of ₹60 lakhs required to continue the appeal. Consequently, the DTAT held the appeal liable to be dismissed for non-payment.
The appeal stands dismissed for failure to pay the required pre-deposit instalment.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
Appeal on Diary No.1389/2023
Between
M/s Tauschen Tradelink Pvt. Ltd. & Ors. … Appellant/s V/s.
Indian Bank & Anr.
…Respondent/s
An Advocate for Appellants is present.
-: Order dated: 24/08/2023:-
The Appellants were directed to deposit a sum of ₹ 1,30,00,000/- as pre-deposit.
The Appellants deposited a sum of ₹ 5,00,000/- towards this amount and ₹ 10,00,000/- was to be paid towards the 1st instalment on or before 23.08.2023.
The Appellant has not paid that amount yesterday i.e. on 23.08.2023 and hence, the appeal stands dismissed.
Misc. Applications, if any, are dismissed as infructuous.
rm-12
Sd/Chairperson
1
M/s Tauschen Tradelink Pvt. Ltd. & Ors.
Indian Bank & Anr.
Ashok Menon
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
