The Debts Recovery Appellate Tribunal dismissed the appeal filed by Khodal Cotton Processing Pvt. Ltd. after the appellant failed to comply with the tribunal's direction dated 22.12.2023 to deposit the entire predeposit amount.
The appeal is dismissed and interlocutory applications, if any, are dismissed as infructuous.
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.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson Appeal on Diary No.1965/2023
Between
Khodal Cotton Processing Pvt. Ltd. & Ors. … Appellant/s V/s.
Authorised Officer, State Bank of India …Respondent/s Mr Sachin Kaikini, i/b Mr. D.D. Chauhan/Mr Kanjani Trivdei, Advocate for Appellants.
Mr Indrajeet Hingan, i/b Mr Omkar S. Kelkar, Advocate for Respondent Bank appeared through Video Conferencing.
The Appellant has not complied with the direction of this Tribunal dated 22.12.2023 by depositing the entire amount of predeposit.
Hence, the appeal stands dismissed. Interlocutory Applications, if any, are dismissed as infructuous.
mks-08
Sd/Chairperson
1
1 issue framed by the court
Whether an appeal must be dismissed if the appellant fails to deposit predeposit as directed.
1 provisions across 1 enactments
Khodal Cotton Processing Pvt. Ltd. & Ors.
Authorised Officer, State Bank of India
Ashok Menon
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
