M/S Super Iron v. Axis Bank and Anr.
Case brief
What is this about?
This disposition order dismissed an appeal filed by M/S Super Iron against Axis Bank. Following a prior direction to deposit 25% of the amount due by 21.04.2023, the appeal was held non-maintainable as no predeposit was made.
What did the court decide?
The Appeal is treated to have been dismissed for want of mandatory predeposit.
What the court decided
Appeal Dy. No 175/2019 Date 20.04.2023
M/S Super Iron Vs Axis Bank & Anr.
The Hon’ble Court vide order 03.02.2023, directed the Appellant to deposit 25% of the amount due prior to the next date fixed i.e. 21.04.2023, failing which, the Appeal shall stand dismissed as not maintainable for want of mandatory predeposit without further reference to Hon’ble Court.
As per office report dated 20.04.2023, no amount has been deposited by the Appellant till date, as stipulated by the Hon’ble Court.
In view of non compliance of the above order dated 03.02.2023, passed by the Hon’ble Court, the Appeal is treated to have been dismissed.
Registrar
Issues for consideration
2 issues framed by the court
Whether the failure to deposit the mandated 25% predeposit by the deadline results in the dismissal of the appeal.
Whether the appeal is treated as non-maintainable for want of mandatory predeposit.
Parties & counsel
- appellant
M/S Super Iron
- respondent
Axis Bank & Anr.
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 091090001752019
- Topic
- Banking and Recovery
All orders in this case
5 orders share this CNR
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