Ms M K Knits v. a O Punjab Housing Finance Ltd.
Case brief
What is this about?
Tribunal dismissed a waiver application for non-compliance of a pre-deposit order dated 6.11.2024, leading to rejection of the underlying appeal for failure to deposit the required 25% amount within the stipulated period.
What did the court decide?
Application for waiver of pre-deposit is dismissed; underlying appeal ruled out due to non-compliance.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 21st day of November, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 232/2024 (Waiver) in AIR (SA) 406/2024 (Arising out of I.A.No.41/2024 in S.A.No.9/2024, On the file of DRT, Coimbatore)
Between
- M/s. M.K. Knits, Represented by its Proprietor Mr. Hariharasudhan,
- Mr. Hariharasudhan
Both residing at No.198, Hospital Road, Perundurai, Vinayakar Street, Erode – 638 751.
… Appellants
And
The Authorised Officer, M/s. Punjab Housing Finance Limited, Branch Office : 112, Raja Plaza, 2nd Floor, Lakshmi Mill Junction, Avinashi Road, Coimbatore.
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed in the absence of compliance with the statutory pre-deposit order
Parties & counsel
- appellant
M/s. M.K. Knits and Mr. Hariharasudhan
- respondent
The Authorised Officer, M/s. Punjab Housing Finance Limited
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · November
- CNR
- 331090004062024
- Topic
- Banking and Recovery
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