Dismissed
Sri Kumaran Tex Represented by Its Proprietrix R.Arulselvi v. Bank of Baroda
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal declined an appeal filed by Sri Kumar Textiles against Bank of Baroda due to non-compliance with office objections. Furthermore, the reduced pre-deposit of 50% mandated by Rule 13(2) was not paid, leading to immediate cancellation of the demand draft filed.
What did the court decide?
The appeal was declined as office objections were not complied with; the insufficient demand draft is to be collected back immediately.