Vasantha Surgical Equipments v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed the appeal for want of pre-deposit payable under section 18(1) of the SARFAESI Act, 2002, as the appellant failed to comply with the compliance order dated 28.02.2023.
What did the court decide?
Appeal dismissed for want of pre-deposit u/s 18(1) of the SARFAESI Act, 2002.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appl Dy No. 302 of 2021
(Arising out of S.A. 1115 of 2017 in DRT-1 Hyderabad)
THE HON’BLE JUSTICE SHRI ANIL KUMAR SRIVASTAVA, CHAIRPERSON
28.04.2023
M/s. Vasantha Surgical Equipments … Appellant Vs. State Bank of India & Ors. ….. Respondents
For Appellant : Mr. Nimes Mishra, ld.counsel Mr. Ankit Chatterjee,ld. Counsel. For Respondent: Mr. Debasish Chakraborty, ld. Counsel. Ms. Sarmistha Pal, ld. Counsel.
THE APPELLATE TRIBUNAL :
Heard learned counsel for the parties. Compliance of the order dated 28.02.2023 regarding pre-deposit is not made. Accordingly, appeal is not maintainable for want of pre-deposit as required u/s 18(1) of the SARFAESI Act, 2002. Appeal is dismissed. No order as to costs.
Copy of the order be supplied to the appellant and the respondents and a copy be also forwarded to the concerned DRT.
Parties & counsel
- appellant
M/s. Vasantha Surgical Equipments
- respondent
State Bank of India
Coram
Anil Kumar Srivastava
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 191090003022021
- Topic
- Banking and Recovery
All orders in this case
11 orders share this CNR
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