Jayanthi v. Indian Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed a waiver application filed for non-compliance of a pre-deposit order dated 18.12.2024, thereby rejecting the underlying appeal. The appellant failed to deposit the required 50% pre-deposit within the stipulated time.
What did the court decide?
The waiver application (IA 514/2023) is dismissed for non-compliance of statutory deposit, resulting in rejection of Appeal AIR (SA) 1441/2023.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 30th Day of January, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 514/2023 (Waiver) In AIR (SA) 1441/2023
(Arising out of TSA No. 156/2023 on the file of DRT –II Chennai)
Between
Mrs. Jayanthi Wife of Krishna Kumar, 2/18, Pulla Avenue, 3rd Cross Street, Shenoy Nagar West, Chennai – 600 030
…Appellant
And
Athorised Officer Indian Bank Stressed Asset Management Branch, Chennai, 55, EthirajSalai, Egmore, Chennai - 600 008
…..Respondent Bank
Counsel for Appellants : M/s. Antony L X Selvam & Co. Counsel for Respondent Bank : None
Issues for consideration
2 issues framed by the court
Whether the appeal can be admitted when the statutory pre-deposit ordered under SBP-4/2016 is not complied with.
Whether the waiver application fails due to non-deposit of statutory pre-deposit.
Parties & counsel
- appellant
Mrs. Jayanthi Wife of Krishna Kumar
- respondent
Authorised Officer Indian Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 331090014412023
- Topic
- Banking and Recovery
All orders in this case
7 orders share this CNR
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