V Kamaraj v. Sri Ram Finance Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal heard an application for waiver of pre-deposit. The appellant failed to comply with the conditional order dated 24.02.2025 regarding the statutory deposit, leading to the dismissal of the waiver application.
What did the court decide?
Application for waiver of deposit dismissed; Appeal AIR 1/2025 rejected.
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 9th day of April, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 112/2025 (Waiver)
In
AIR (SA) 1/2025
(Arising out of IA 3828/2024 in SA 796/2024 on the file of DRT, Madurai)
Between
V.Kamaraj, S/o. Vanniyanmuthuraja, No.123, Melur West Street, Melur, Srirangam, Tiruchiappalli – 620 006. … Appellant
And
- The Authorised Officer, Sri Ram Finance Ltd, No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032.
- The Branch Manager, Sri Ram Finance Ltd, No.5, Ramachandrapuram, Tennur, Trichy – 620 017. …Respondents
Issues for consideration
1 issue framed by the court
Whether the waiver application can be allowed when the appellant failed to comply with the statutory deposit requirement imposed by a conditional order under RBI Directions.
Parties & counsel
- appellant
V.Kamaraj
- respondent
The Authorised Officer, Sri Ram Finance Ltd
- respondent
The Branch Manager, Sri Ram Finance Ltd
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 331090000012025
- Topic
- Banking and Recovery
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