Arvind Gupta v. Punjab National Bank
Case brief
What is this about?
The Tribunal closed two miscellaneous appeals arising from a tax proceeding that was itself closed during insolvency proceedings. The court granted liberty to the appellants to revive these appeals if the underlying tax proceeding is subsequently revived and directed that parties bear their own costs.
What did the court decide?
Appeals MA 28/2024 and MA 26/2024 closed with liberty to revive if the underlying TA No.77/2022 is revived; parties to bear own costs.
What the court decided
MA 28/2024 & MA 26/2024
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 12th Day of November, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
MA 28/2024 &
MA 26/2024
(Arising out of IA No.102/2024 and103/2024 in TA No.77/2022 on the file of DRT-I, Chennai )
- I. MA 28/2024
Between
Gita Power & Infrastructure Private Limited No.6, Sardar Patel Road, Guindy, Chennai 600 032.
……..Appellant
And
Issues for consideration
3 issues framed by the court
Whether the appeals should be closed considering the closure of the underlying tax proceeding and the pending insolvency proceedings against one of the respondents.
Whether the appellants should be granted liberty to revive these appeals if the underlying tax proceeding is revived.
Whether the parties should bear their own costs in this order.
Parties & counsel
- appellant
Gita Power & Infrastructure Private Limited
- appellant
Mr. Aravind Gupta
- respondent
Punjab National Bank
- respondent
Bhadreshwar Vidyut Private Limited
- respondent
Bank of Maharashtra
- respondent
Case details
As recorded by the court registry
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