S Shanmugam Priya and K Sakthivel v. Bank of Baroda
Case brief
What is this about?
The Appeals Court rejected the appellants' appeals and associated waiver applications for failure to deposit the mandated statutory pre-deposit of 25% within the stipulated timeframe as ordered by a previous common order.
What did the court decide?
IMA 449/2022 and IA 450/2022 (Waiver) dismissed; Appeals AIR (SA) 267/2022 & AIR (SA) 268/2022 rejected.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 9th day of December, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 449/2022 (Waiver) In AIR (SA) 267/2022 & IA 450/2022 (Waiver) In AIR (SA) 268/2022
(Arising out of S.A.No.129/2021 On the file of DRT-II, Chennai & S.A.No.222/2021 On the file of DRT-II, Chennai)
Between
- S. Shanmugapriya, Wife of K. Sakthivel.
- K. Sakthivel, Son of G. Krishnaraj. Both are residing at No. 3801, Embassy Residency, Cheran Nagar, Perumbakkam, Chennai – 600 100. … Appellants
And
The Authorised Officer, Bank of Baroda, Regional Stressed Asset Recovery Branch, 1st Floor, No. 10, C.P. Ramasamy Road, Alwarpet, Chennai – 600 018. …Respondent
Issues for consideration
1 issue framed by the court
Whether the appellants' appeals and waiver applications must be rejected for non-compliance with the Tribunal's order mandating a 25% statutory pre-deposit.
Parties & counsel
- appellant
S. Shanmugapriya
- appellant
K. Sakthivel
- respondent
The Authorised Officer, Bank of Baroda
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · December
- CNR
- 331090002682022
- Topic
- Banking and Recovery
All orders in this case
16 orders share this CNR
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