Dismissed
Dhanya Infrastructure Private Limited v. Union Bank of India
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of mandatory pre-deposit. Consequently, the underlying appeal set against Union Bank of India was rejected due to the appellants' failure to deposit 50% of the disputed amount within the four-week deadline.
What did the court decide?
The application for waiver is dismissed, and the under-appeal AIR (SA) 1819/2023 stands rejected.