The Appellate Tribunal permitted the withdrawal of an application for waiver, dismissing the waiver and consequently rejecting the pending appeal.
Permission to withdraw the application was granted; the waiver application was dismissed; the appeal was rejected.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 25th Day of February, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan
CHAIRPERSON
IA 240/2025 (Waiver)
In
AIR 102/2025
(Arising out of IA No. 4004/2024 in SA 842/2024on the file of DRT, Madurai)
Between
1
…Appellants
And The Authorised Officer Indian Overseas Bank Arimalam Branch Arimalam Karaikudi Sivagangai District …..Respondent Bank Counsel for Appellant : M/s M. Arun Murugan & Co. Counsel for Respondent Bank : None
…..Respondent Bank
ORDER
Ld. Counsel for petitioners/appellants sought permission to withdraw this application and made an endorsement to that effect in the application. Permission is accorded.
In view of the endorsement, Application IA 240/2025 (waiver) is dismissed as withdrawn resulting in rejection of Appeal AIR 102/2025.
Sd/-
[Justice G. Chandrasekharan] CHAIRPERSON
2
M/s. Jai Hind Bala Bhavan Matriculation School and others
Authorised Officer, Indian Overseas Bank
G. Chandrasekharan
As recorded by the court registry
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