Sri Palakurthi Nikesh Kumar v. Indian Bank
Case brief
What is this about?
The Appellate Tribunal dismissed the appeal as not maintainable because the appellant failed to comply with the order dated 26.09.2023 regarding the mandatory pre-deposit requirement.
What did the court decide?
No relief. Appeal dismissed for want of pre-deposit.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Dy. No. 672 of 2022
(Arising out of SA No. 175 of 2020 in DRT-2, Hyderabad)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
22.11.2023
Sri Palakurthi Nikesh Kumar ... Appellants -VsIndian Bank & 2 Ors ……Respondents Mr. Nemani Srinivas, Learned Counsel for the Appellant Mr. Debasish Chakrabarty, Learned Counsel, Ms. Sharmistha Pal, Learned Counsel for the Respondent
THE APPELLATE TRIBUNAL :
Compliance of the order dated 26.09.2023 regarding pre-deposit is not made. Accordingly, Appeal is dismissed being not maintainable for want of pre-deposit.
Pending I.A.s if any, are disposed of accordingly. Interim order, if any, stands vacated.
Copy of the order be supplied to Appellant and the Respondent and the copy be also forwarded to the concerned DRT.
File be consigned to Record Room.
Issues for consideration
2 issues framed by the court
Whether the appeal is maintainable in the absence of compliance regarding pre-deposit.
Whether the decretal amount is payable in installments.
Parties & counsel
- appellant
Palakurthi Nikesh Kumar
- respondent
Indian Bank
- respondent
2 Ors
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 191090006722022
- Topic
- Banking and Recovery
All orders in this case
7 orders share this CNR
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