Sri Kannimar Textiles v. Canara Bank
Case brief
What is this about?
In an appeal by M/s. Sri Kannimar Textiles against a DRT decree, the appellate tribunal dismissed an application for condonation of delay for default due to the appellant's absence. The court, noting payment of an One Time Settlement, rejected the appeal and ordered parties to bear their own costs.
What did the court decide?
Application for condonation of delay dismissed for default; Appeal rejected; Both parties to bear own costs.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 7th day of November, 2023
PRESENT: HON'BLE JUSTICE S. RAVI KUMAR CHAIRPERSON
IA 344/2022 in
AIR (SA) 147/2022
[SA 752/2021 on the file of DRT Coimbatore]
Between
M/s. Sri Kannimar Textiles, Rep. by its Partner Smt. S. Balamani, G.S. No.55/1, D.No.946, Pinjakattu Thottam, Kanjapalli Village, Dasapalayam, Annur Taluk, Coimbatore District.
…Appellant
AND
- M/s. Canara Bank, SME Branch, No.27, Jawans Bhawan, First Floor, TB Road, Coimbatore – 641 018
- Smt. G.Thenmoni, G.S. No. 55/1, D.No.946, Pinjakattu Thottam, Kanjapalli Village, Dasapalayam, Annur Taluk, Coimbatore District.
Issues for consideration
3 issues framed by the court
Whether the application for condonation of delay in filing the appeal can be dismissed due to the appellant's default and lack of interest.
Whether the appeal can be rejected given that the appellant has paid the agreed settlement amount.
Whether both parties should bear their own costs after dismissal.
Parties & counsel
- appellant
M/s. Sri Kannimar Textiles
- respondent
M/s. Canara Bank
- respondent
Smt. G. Thenmoni
Coram
Case details
As recorded by the court registry
All orders in this case
17 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court