Messers Abi Print v. Indian Overseas Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of pre-deposit. Consequently, the pending appeal against the DRT order was rejected for failure of the appellant to comply with the directive to deposit 50% of the decretal amount.
What did the court decide?
Application for waiver of pre-deposit dismissed; Appeal AIR (SA) 10/2023 rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 29th Day of January, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 52/2023 (Waiver)
In
AIR (SA) 10/2023
(Arising out of IA 4185/2022 in SA 988/2022 on the file of DRT, Coimbatore)
Between
- M/s. Abi Print, Rep. by its Partner/Guarantor, Mrs. S. Punitha,
W/o. N.S.S. Senthilnathan, Having Office at No.7/61, Goldwins, Civil Aerodrome Post. Coimbatore – 641 014
- Mrs. S. Punitha, W/o N.S.S. Senthilnathan, No.65, Periannan Street,
Erode – 1.
Issues for consideration
1 issue framed by the court
Whether the appeal should be rejected due to non-compliance with the order for statutory pre-deposit.
Parties & counsel
- appellant
M/s. Abi Print, Rep. by Mrs. S. Punitha and others
- respondent
M/s. Indian Overseas Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 331090000102023
- Topic
- Banking and Recovery
All orders in this case
12 orders share this CNR
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