S N Eshwara Kumar v. a O Central Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed a waiver application filed by the appellant after the appellant failed to comply with a direction to make a 25% pre-deposit before the Tribunal, despite having made a partial payment towards the loan account.
What did the court decide?
The application for waiver of pre-deposit was dismissed, resulting in the rejection of the underlying appeal.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 26th Day of February, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 612/2024 (Waiver) In AIR (SA) 1397/2024
(Arising out of IA 2420/2023 in SA 562/2023 on the file of DRT-I, Bangalore)
Between
S.N Eswara Kumar, S/o. Late S.Narayana Raju, 17, G2, Lendi Garden Apartment, 5th Cross, Shanthivana, Sahakarnagar, Bangalore, Karnataka – 560 092 …Appellant
And
The Authorized Officer, Central Bank of India, BTM Layout, Plot No.8, 100Ft Road, Stage 1 Phase 1, Bangalore, Karnataka – 560 068 …..Respondent Counsel for Appellant : Mrs.Vindhya Vasini.S Counsel for Respondent : Mr.Anil Relwani
ORDER
Ld. Counsel for petitioner and Ld. Counsel for respondent are present through VC.
Issues for consideration
1 issue framed by the court
Whether an application for waiver of pre-deposit is maintainable when the applicant has not complied with the Tribunal's earlier direction to make the deposit.
Parties & counsel
- appellant
S.N Eswara Kumar
- respondent
The Authorized Officer, Central Bank of India
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · February
- CNR
- 331090013972024
- Topic
- Banking and Recovery
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