Simran Trading Company v. Axis Bank
Case brief
What is this about?
List order appointing 11.10.2023 for admission of a regular appeal under Section 18 of the SARFAESI Act filed by Simran Trading Company against a final order by the DRT, Lucknow.
What the court decided
A compact analysis
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DEBT RECOVERY APPELLATE TRIBUNAL - ALLAHABAD
Dy. No. 1065/2023
Simran Trading Company V/S AXIS BANK
Date: 21/09/2023
Ld. Counsel for the appellant is present.
Ld. Counsel for the auction purchasor, Sh. Ankit Saran is present and submits his vakalatnama.
Ld. Counsel for the appellant enclosed Dates & events and deposited deficient Court fee of Rs. 4,750/- and submitted receipt of the same.
With regards to pre-deposit, Ld. Counsel for the appellant prayed that since copy of Demand notice 13(2) and 13(4) has not been served by the bank, the appellant is not in position to comply with the condition of pre-deposit. Ld. Counsel has submitted a declaration to that effect.
The present Regular Appeal is filed u/s 18 of the SARFAESI Act, 2002 against the Final order dated 26.07.2023 passed in S.A. No. 232 of 2022 by DRT, Lucknow. Waiver Application (I.A. No. 747/2023) and Urgency Application (I.A. No. 685/2023) filed.
Caveat No. 67/2023 is filed by Sh. Mukesh Kumar Agarwal.
Parties & counsel
- appellant
Simran Trading Company
- respondent
Axis Bank
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · September
- CNR
- 091090010652023
- Topic
- Arbitration
All orders in this case
9 orders share this CNR
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