Allowed
Mrs.Vasantha & Ors. v. Indian Overseas Bank Ltd. & Ors.
DRATMISC APPEAL/37/2021
Case brief
AI extract
What is this about?
In MA 37/2021 and MA 38/2021, the Debt Recovery Appellate Tribunal allowed the appeals as the appellants had complied with the imposed costs. It set aside the impugned orders in IA 135/2005 and IA 136/2005, directing the Presiding Officer of DRT – I to restore the matter for fresh adjudication on merits.
What did the court decide?
The appeals MA 37/2021 and MA 38/2021 are allowed. Orders in IA 135/2005 and IA 136/2005 are set aside. MA Nos.253, 254 and 255/2004 restored for fresh disposal on merits.