Gita Power v. Punjab National Bank
Case brief
What is this about?
The Tribunal closed two maintenance appeals arising from an application proceeding. Since the underlying case was closed with liberty to revive upon conclusion of NCLT proceedings, the Tribunal held there was no reason to keep the appeals pending. The appeals were closed with liberty to revive them if the main case is revived.
What did the court decide?
Appeals closed with liberty to appellant to revive them if TA No.77/2022 is revived.
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 against the dismissal of an application for recalling a closed order should be closed with liberty to revive them upon revival of the main case.
Whether the closure of the underlying TA No.77/2022 necessitates the closure of these related appeals.
Whether liberty can be accorded to the appellants to revive these appeals if the main case is revived.
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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