Sri Dharani Enterprises v. Icici Bank Limited

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA

Diary No. 618 of 2022

(Arising out of M.A.10 of 2018 in O.A.414 of 2013 in DRT, Vishakhapatnam)

THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON

24.04.2023 Sri Dharani Enterprises .. Appellant -VsICICI Bank Limited .. Respondent

Mr. Nemani Srinivas, Learned Counsel for the Appellant

Ms. Ishita Ghosh, representing Mr. Avishek Guha, Learned Counsel for Respondent

THE APPELLATE TRIBUNAL :

Compliance of the order dated 9^th February, 2023 has not been made. At this stage Learned Counsel for the Appellant submits that the Appellant has wrongly calculated the amount. It is submitted that contractual rate of interest is 10.5% while the Appellant calculated interest at the rate of more than 17.5%.

Order dated 9^th February, 2023 was passed after hearing Learned Counsel for the parties. No such plea was taken at that stage. Compliance of the order dated 9^th February, 2023 is not made. Since pre-deposit is not made, the appeal is not maintainable for want of pre-deposit.