The Tribunal disposed of an appeal against a stay order directing the appellant to deposit ₹70 lakhs. Instead of deciding merits, the court remanded the matter for speedy disposal of the main stay application pendiente for nearly a year.
Directed the learned Presiding Officer, DRT, Coimbatore, to dispose SA 149/2023 as expeditiously as possible.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 09th of October 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
(Arising out of IA 798/2023 in SA.No. 149 of 2023 on the file of DRT, Coimbatore)
Between
Mr. P. Saminathan, S/o Palanisamy Gounder, No.284/1-A, Aruljothi Garden, Kuppandampalayam, Veerapandi Post, Tirupur 641 605. …Appellant
And
The Authorised Officer, Canara Bank, Tirupur Main Branch, No. 304, Palladam Road, L.M. Building, Tirupur 641 602. .. .Respondent
Counsel for Appellant : Mr. R.Rajaram Counsel for Respondent : M/s. T.S. Gopalan & Co.
ORDER
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This Appeal is filed against the order dated 12.04.2023 passed by the learned Presiding Officer, DRT, Coimbatore, in Stay application in IA 798/2023 in SA 149/2023.
2
passed in the stay application. The main SA 149/2023 is still pending. This appeal is
also pending from the year 2024. Therefore, this Tribunal is of the view that this appeal can be disposed by directing the learned Presiding Officer, DRT, Coimbatore to dispose the SA 149/2023 as expeditiously as possible.
In the result, this appeal is disposed with a direction to the learned Presiding
Officer, DRT, Coimbatore, to dispose the SA 149/2023 as expeditiously as possible.
Parties are directed to bear their own costs.
Pending IAs, if any, shall stand closed.
[Dictated in open Court to Steno (RA), transcribed by her, corrected, signed by me, this 9th day of October, 2025]
Sd/-
(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
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1 issue framed by the court
Whether to quash the stay order directing appellant to deposit ₹70 lakhs in installation.
P. Saminathan
The Authorised Officer, Canara Bank
G. Chandrasekharan
As recorded by the court registry
12 orders share this CNR
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