Sri Vignesh Foods v. Karur Vysya Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai dismissed an application for waiver of pre-deposit. Consequently, the underlying appeal was rejected due to the appellants' failure to deposit the required 50% of the decretal amount within the stipulated time.
What did the court decide?
Application for waiver of deposit dismissed; Appeal 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 538/2023 (Waiver) In AIR (SA) 1250/2023 (Arising out T.S.A.No.117/2023 On the file of DRT-III, Chennai)
Between
- M/s. Sri Vignesh Foods, Prop: Mr. Mohana Krishnan, S/o. Mr. Sukumaran, Old No. 12D, New no. 18, Kasturibai Nagar, 6th Main Road, Adyar, Chennai – 600 020.
- Mrs. Laskmi Prabhavathy.S, Wife of Mr. M. Sukumaran, No. 38/21, Vanjinathan 1st Street, Perambur, Chennai – 600 011.
Also at:
11A/33A, Canal Bank Road, 8 Main Road, Kasthuribai Nagar, Adyar, Chennai – 600 020.
… Appellants
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed given the non-compliance of the pre-deposit order.
Parties & counsel
- appellant
M/s. Sri Vignesh Foods
- appellant
Mrs. Laskmi Prabhavathy.S
- respondent
The Authorised Officer, Karur Vysya Bank
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · December
- CNR
- 331090012502023
- Topic
- Banking and Recovery
All orders in this case
8 orders share this CNR
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