Venu Cheriyath v. Punjab National Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed a waiver application for non-compliance of a pre-deposit order. Consequently, the underlying appeal was deemed rejected.
What did the court decide?
Waiver application IA 58/2024 dismissed for non-compliance; Appeal AIR (SA) 1922/2023 rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 17th day of December, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 58/2024 (Waiver) In
AIR (SA) 1922/2023 (Arising out of S.A.No.566/2022 On the file of DRT-I, Ernakulam)
Between
Mr. Venu Cheriyath, S/o. Kunhikannan, Cheriyath House, Peravoor, Kannur (Managing Director M/s. Bavali Farms & Resort (Pvt.) Ltd)
… Appellant
And
The Authorized Officer, Punjab National Bank, Circle Sasta Centre, Shahabdi Bhavan, Mini Bye Pass Road, Govindapuram, Kozhikode – 673 016.
…Respondent
Issues for consideration
1 issue framed by the court
Whether the appellant complied with the tribunal's direction to deposit 50% pre-deposit within the stipulated period.
Parties & counsel
- appellant
Mr. Venu Cheriyath
- respondent
The Authorized Officer, Punjab National Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
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