M/S. Jay Gaskets Private Limited v. Federal Bank
Case brief
What is this about?
Appeal filed in the DRAT, Bombay bench, on behalf of appellants against an order of The Federal Bank Ltd. was dismissed as the appellants had not complied with the direction to make pre-deposit as required by the Tribunal.
What did the court decide?
The appeal was dismissed. The underlying Ld. Counsel's argument that no stay order exists in the writ petition was recorded.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
Appeal on Diary No. 894/2023
Between
M./s, Jay Gaskets Pvt. Ltd. & Anr. … Appellant/s V/s.
The Federal Bank Ltd. …Respondent/s
Mr. Mohammed V., i/b Mr. Harshal Damania, Advocate for Appellants.
Ms. Sunita Rawat, i/b Mr. O.A. Das, Advocate for Respondent.
-: Order dated: 19/04/2024:-
The Appellants have not complied with the direction of this Tribunal to make the pre-deposit.
The appeal, is, therefore, dismissed.
The Ld. Counsel appearing for the Appellants submits that the
writ petition is filed but there is no order of the stay.
Issues for consideration
2 issues framed by the court
Whether the appeal by the appellants which was not supported by pre-deposit should be admitted or not.
Whether the appeal should be dismissed due to non-compliance with the Tribunal's direction to make pre-deposit.
Parties & counsel
- appellant
M./s. Jay Gaskets Pvt. Ltd. & Anr.
- respondent
The Federal Bank Ltd.
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 271090008942023
- Topic
- Banking and Recovery
All orders in this case
2 orders share this CNR
- Order 1 · Sri. P.w.gorakh
- Order 2 — this page · Ashok Menon
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