Har Hotel Private limited v. Icici Bank Limited
Case brief
What is this about?
This court dismissed a waiver application due to the appellants' failure to deposit 40% of the claimed amount as ordered on 08.05.2025, leading to the rejection of the underlying appeal.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 11th day of June, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 797/2024 (Waiver)
In
AIR (SA) 1500/2024
(Arising out of SA 391/2024 on the file of DRT - I, Ernakulam)
Between
- HAR Hotel Private Limited, HAR Complex, South Bazaar Kannur-670 002, Rep. by its Managing Director Salahudheen Ponnu Valappil. S/o Hamsa, residing at House No:39/2223 HAR Building, M.G. Road, Ernakulam-682106.
- HAR Auto Private Limited, HAR Complex, South Bazaar Kannur-670 002. Rep. by its Managing Director Mohammed Equbal P.V S/o Hamsa, Residing at HAR Avenue Kannothumchal, Chovva. Kannur-670 005. … Appellants
And
Issues for consideration
1 issue framed by the court
Whether to allow waiver of pre-deposit following failure to comply with the Tribunal's order dated 08.05.2025
Parties & counsel
- appellant
HAR Hotel Private Limited, HAR Auto Private Limited
- respondent
The Branch Manager ICICI Bank Ltd.
- respondent
The Authorized Officer, ICICI Bank Ltd.
Coram
Case details
As recorded by the court registry
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