K Bhaskaran v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an intra-court waiver application and rejected the contesting appeal. The Tribunal held that filing a Supreme Court special leave petition without obtaining a stay does not justify adjournment or non-compliance with the High Court's reduced pre-deposit direction.
What did the court decide?
The Waiver Application (IA 507/2023) is dismissed; the Appeal (A.IR.1586/2023) is rejected; pending IAs stand closed.
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 10th of October, 2025
PRESENT : Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
IA 507/2023 (Waiver)
in
A.IR:1586/2023
(SA 365/2023 on the file of DRT-II, Ernakulam)
BETWEEN
- K Bhaskaran, S/o Kuchummini, residing at Snehalayam, Puthiyavila PO, Kandalloor, Alappuzha District 690531.
- Padmavathi L, W/o K Bhaskaran, residing at Snehalayam, Puthiyavila P.O, Kandalloor, Alappuzha District 690531. Appellants
AND
Issues for consideration
2 issues framed by the court
Whether the appellants can seek adjournment by mere filing of SLP in Supreme Court without staying the High Court order?
Whether the waiver application filed prior to the High Court order should be allowed when compliance with the reduced pre-deposit has not been shown?
Parties & counsel
- appellant
K Bhaskaran
- appellant
Padmavathi L
- respondent
State Bank of India, SME Mavelikkara Branch
- respondent
The Authorised Officer, State Bank of India, Stressed Assets Recovery Branch
- respondent
M. Sreekumar
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · October
- CNR
- 331090015862023
- Topic
- Banking and Recovery
All orders in this case
4 orders share this CNR
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