Vippin Aggarwal v. Indian Overseas Bank
Case brief
What is this about?
The DRTA dismissed the appeal because the appellant failed to deposit the mandated sum of ₹15 crores even after the Bombay High Court confirmed the Tribunal's order. The matter was disposed of due to inaction by the appellant.
What did the court decide?
The appeal stands dismissed on account of failure to deposit ₹15 crores as directed.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr Justice Ashok Menon, Chairperson Appeal on Diary No. 486/2022
Between
Vippin Aggarwal … Appellant/s V/s.
Indian Overseas Bank & Ors. …Respondent/s
Mr Kushal Sawant, i/b Mr Puneet Gogad, Advocate for Appellant. Ms Vaishali Bhilare, Advocate for Respondent No. 1.
Mr Nishant Rana, i/b M/s. Zastriya, Advocate for Respondents Nos. 4 to 6.
-: Order dated: 27/01/2023:-
There was an order of this Tribunal to deposit a sum of ₹15 crores as pre-deposit vide order dated 29.11.2022. The Appellant has failed to deposit the amount in time. The Appellant has also challenged the order of this Tribunal by filing a Writ Petition No.15562 of 2022 before the Hon’ble High Court of Bombay and on 23.01.2023 the said Writ Petition was dismissed confirming the orders of this Tribunal. Since there is no deposit forthcoming, the Appeal stands dismissed.
Sd/Chairperson
mks-17
Parties & counsel
- appellant
Vippin Aggarwal
- respondent
Indian Overseas Bank
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 271090004862022
- Topic
- Banking and Recovery
All orders in this case
5 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court