The Debts Recovery Appellate Tribunal dismissed the appeal by the appellants for non-compliance with the direction to deposit the first instalment under Section 21(3) of the SARFAESI Act. The interlocutory applications were also dismissed.
Appeal dismissed for non-compliance with pre-deposit direction.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
Misc. Appeal on Diary No. 2293/2024
Between
Crescent Exports Ltd. & Anr.
… Appellant/s
V/s.
Kotak Mahindra Bank Ltd. & Ors. …Respondent/s
Mr. Anshul M., i/b M/s. Raval-Shah & Co., Advocate for Appellants. Mr. Vinay Deshpande along with Ms. Shobha Chavan, i/b M/s. V. Deshpande & Co., Advocate for Respondent No.1
-: Order dated: 04/12/2024:-
The appellants have not complied with the direction of this Tribunal to make the 1st instalment of pre-deposit.
Hence, the appeal stands dismissed.
Interlocutory Applications, if any, stand dismissed.
psa-09
Sd/Chairperson
1
1 issue framed by the court
Whether failure to comply with pre-deposit direction warrants dismissal of the appeal under the DRT Act.
Crescent Exports Ltd. & Anr.
Kotak Mahindra Bank Ltd. & Ors.
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
