M/s Lucky Footwear Components v. Indian Bank
DRATREGULAR APPEAL/55/2023
Case brief
AI extract
What is this about?
The Appellate Tribunal rejected the appeal filed by Lucky Footwear Components against Indian Bank. The court held that since the petitioners failed to deposit the required statutory amount of Rs. 10 lakhs within the stipulated timeframe, the conditional waiver order was not complied with. Consequently, the appeal was rejected for non-compliance, and the High Court's stay was deemed non-existent. T
What did the court decide?
The appeal AIR (SA) 719/2023 is rejected for non-compliance of statutory deposit as the petitioners failed to deposit Rs. 10 lakhs within two weeks.