A Ramasamy v. Dbs Bank Limited
Case brief
What is this about?
The Debt Recovery Appellate Tribunal Chennai dismissed two appeals for non-compliance of the statutory pre-deposit order. The appellant failed to deposit the required sum despite an extension of time granted until June 10, 2024.
What did the court decide?
Nothing allowed; appeals rejected for non-compliance of statutory deposit.
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 11th Day of June, 2024
PRESENT: HON'BLE MR. JUSTICE S.RAVI KUMAR CHAIRPERSON
AIR (SA) 1881/2023 &
AIR (SA) 1894/2023
( SA 1169/2022 & SA 37/2013 on the file of DRT, Coimbatore )
I. AIR (SA) 1881/2023
Between
Mr. A. Ramasamy, Proprietor of Sri Sivaganesh Textiles, S/o Ammaasai Gounder, At No.2/426, Perumal Koil Thottam, Semmiampalayam,
K.S.N. Puram (Post), Palladam 641 662, Tirupur District
…Appellant
And
Issues for consideration
1 issue framed by the court
Whether appeals can be maintained when the appellant fails to deposit the statutory pre-deposit amount within the extended deadline.
Parties & counsel
- appellant
Mr. A. Ramasamy
- respondent
M/s Lakshmi Vilas Bank Ltd. (Presently M/s DBS Bank Ltd.)
- respondent
Reliance Assets Reconstructions Co. Ltd.
- respondent
Mr. Ravichandran Damodaran
- respondent
Mr. Suresh Damodaran
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · June
- CNR
- 331090018942023
- Topic
- Banking and Recovery
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