E Commerce Magnum Solution Limited v. Yes Bank
Case brief
What is this about?
The DRAT refused to register a transfer petition filed by E Commerce Magnum Solution Ltd due to non-compliance with registry objections, deeming the appellant uninterested.
What did the court decide?
Transfer petition No. 2129/2023 declined for registration.
What the court decided
Debts Recovery Appellate Tribunal, Mumbai
Transfer Petition (Diary) No.2129/2023
E Commerce Magnum Solution Ltd
Applicant
V/s.
Yes Bank Ltd & Ors
Respondents
Transfer Petition (Diary) No. 2129/2023 is listed in today’s board (09.012.2024) before the Registrar at 02.30 PM for compliance/removal of defects. The said Board is displayed in Public Notice on the website of DRT/DRAT and also on the Notice Board of DRAT Mumbai.
None present for the Appellant when the matter is called
This Transfer Petition (Diary) No. 2129/2023 was filed on 29.11.23 and certain objections were raised by the registry for compliance/removal of defects. However, despite sufficient opportunity, appellant failed to comply with/remove the defects till date.
Therefore, it is presumed that, the appellant is not interested in pursuing with the matter.
Issues for consideration
1 issue framed by the court
Whether a transfer petition which fails to comply with registry objections warrants registration.
Parties & counsel
- appellant
E Commerce Magnum Solution Ltd
- respondent
Yes Bank Ltd & Ors
Case details
As recorded by the court registry
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