C M Atheequr Rahman and Co. v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of pre-deposit filed by appellants who failed to deposit the mandated 50% amount ordered on 31.1.2025, leading to the rejection of their appeal against the Debt Recovery Tribunal.
What did the court decide?
The application for waiver of pre-deposit was dismissed and the appeal AIR 930/2024 was rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 18th Day of March, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 676/2024 (Waiver) In
AIR 930/2024
(Arising out of OA 134/2023 on the file of DRT-II, Chennai)
Between
- M/s C.M. Atheequr Rahman & Co. Rep. by its Partner, Mr. C.M. Atheequr Rahman, S/o C.M. Mubarak Ali, No.29/15, V.V. Koil Street, Periamet, Chennai 600 003.
- Mr. C.M. Atheequr Rahman, S/o C.M. Mubarak Ali,
- Mr. C.M. Rumana Kulsum, D/o C.M. Mubarak Ali
- Mr. K. Rubeen Johanara Begum D/o Rasheed Ahmed
Issues for consideration
1 issue framed by the court
Whether an application for waiver of pre-deposit should be allowed when the statutory deposit order was not complied with by the specified deadline.
Parties & counsel
- appellant
M/s C.M. Atheequr Rahman & Co. Rep. by Mr. C.M. Atheequr Rahman
- respondent
The Authorised Officer, State Bank of India, SME Walajapet Branch
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · March
- CNR
- 331090009302024
- Topic
- Banking and Recovery
Similar cases
Judgements on the same questions, provisions and authorities, from every court