M/s Soma Enterprises Ltd. v. Union Bank of India
Case brief
What is this about?
This order declined an appeal by M/S Soma Enterprises Ltd against Union Bank Of India. The Debt Recovery Appellate Tribunal allowed the appeal to be dismissed under Rule 6(4) DRAT Procedure Rules 1994 because the appellant failed to comply with pending objections within a reasonable time.
What did the court decide?
The appeal is declined under Rule 6(4) of DRAT Procedure Rules 1994.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
A.IR:1264/2023
M/S Soma Enterprises Ltd V/S Union Bank Of India
17/11/2023
Appellant Counsel Jayaprakash Present.
As Few Objections are still pending for Compliance.
Appeal is therefore declined in terms of Rule 6 (4) of the DRAT Procedure Rules 1994 as objections not complied reasonable in time.
Sd/Registrar
Issues for consideration
1 issue framed by the court
Whether the appeal can be allowed when objections were not complied with within reasonable time.
Parties & counsel
- appellant
M/S Soma Enterprises Ltd
- respondent
Union Bank Of India
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 331090012642023
- Topic
- Banking and Recovery
All orders in this case
3 orders share this CNR
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