Jiji Varghese v. Federal Bank
Case brief
What is this about?
Held that the appeal in AIR (SA) 1512/2023 is rejected due to the appellant's failure to complete the required statutory deposit under Section 18(1) of the SARFAESI Act, 2002, despite an extension of time.
What did the court decide?
Appeal AIR (SA) 1512/2023 is rejected; all pending IAs are closed.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 23RD DAY OF JANUARY, 2024
PRESENT: HON'BLE JUSTICE S.RAVI KUMAR CHAIRPERSON
AIR (SA) 1512/2023
(IA 1688/2023 in SA No. 258/2023 on the file of DRT –1, Ernakulam)
Between
Jiji Varghese S/o T.V. Varghese 44/2201-D2, St. Antony’s Road Kaloor, Kochi – 682 017.
…Appellant
AND
- Authorised Officer
Federal Bank Limited Asset Recovery Branch Federal Towers Marine Drive, Ernakulam.
- Federal Bank Limited, Represented by its Branch Manager, Broadway Branch, Ground Floor, Broadway, Ernakulam – 682 031
Issues for consideration
1 issue framed by the court
Whether the appeal should be rejected due to failure to make the requisite statutory deposit despite granted extension.
Parties & counsel
- appellant
Jiji Varghese
- respondent
Authorised Officer, Federal Bank Limited Asset Recovery Branch
- respondent
Federal Bank Limited
Coram
Case details
As recorded by the court registry
All orders in this case
5 orders share this CNR
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