Sri Vinayaga Bankers v. City Union Bank Limited
Case brief
What is this about?
Appellants in a Debt Recovery matter failed to comply with a conditional order regarding a deposit under Section 18(1) of the SARFAESI Act, 2002. Consequently, the Debts Recovery Appellate Tribunal dismissed/appeal as rejected for non-compliance.
What did the court decide?
Appeal rejected for non-compliance of conditional order; petitioners dismissed.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 3rd day of July, 2023
PRESENT: HON'BLE JUSTICE S.RAVI KUMAR CHAIRPERSON
IA 161/23 (Waiver)
in
AIR (SA) - 325/23
(IA 349/2023 in SA No. 54/2023 on the file of DRT Coimbatore)
Between
- Sri Vinayaga Bankers,
- Rep. by its Proprietor M. Mohan, No.136-6, Sankari Main Road,
Nethimedu, Salem District – 636 002.
- Sri Vinayaga Finance,
- Rep. by its Proprietor M. Mohan No.136-6, Sankari Main Road,
Parties & counsel
- appellant
Sri Vinayaga Bankers
- appellant
Sri Vinayaga Finance
- appellant
Suriya Vidiyal Micro Finance
- respondent
The Authorised Officer, City Union Bank Ltd.
- respondent
The Chief Manager, City Union Bank Ltd.
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090003252023
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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