Messers Orange Yard v. Punjab National Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed appeals regarding limitation and waiver due to non-prosecution. The matter was settled via an Out-of-Court Settlement agreement, leading to the rejection of the underlying appeal.
What did the court decide?
Appeal rejected; applications for limitation decision and waiver dismissed.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 17th day of December, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 202/2023 (To decide limitation) & IA 23/2023 (Waiver) In
AIR (SA) 460/2022
(Arising out of I.A.No.3998/2022 in S.A.956/2022 On the file of DRT, Coimbatore)
Between
- M/s. Orange Yard, Rep by its Partner, A.Sangeeth Anandan, 1st Floor, J V K Towers, No.306, Cross Cut Road, Gandhipuram, Coimbatore – 641 012.
- Mr. Sangeeth Anandan, S/o. Anandan, Door No. 112/6, Gopal Lay Out, Ponnaiyarajapuram, Coimbatore – 641 001.
- Mrs. Latha, W/o. Anandan, Door No. 112/6, Gopal Lay Out, Ponnaiyarajapuram, Coimbatore – 641 001.
Parties & counsel
- appellant
M/s. Orange Yard & Ors.
- respondent
Authorised Officer, Punjab National Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · December
- CNR
- 331090004602022
- Topic
- Banking and Recovery
All orders in this case
14 orders share this CNR
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