The Tribunal disposed of an appeal against an interim conditional deposit order. It directed the lower court to decide the main suit expeditiously and granted a one-month stay on further recovery proceedings.
Interim stay of one month on further recovery proceedings; direction to lower court to dispose main suit expeditiously.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 15th of September, 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan CHAIRPERSON
M.A(S.A):41/2024
(IA 1050/2022 in SA. No.288/2022 before DRT, Coimbatore)
BETWEEN
…Appellants
And The Authorized Officer South Indian Bank, Omalur Main Road, Swarnapuri Post, Salem Leigh Bazzar, Sree Lakshmi Complex, Coimbatore 641 018.
….Respondent
Counsel for Appellants : Mr. V. Jayachandran Counsel for Respondent : Mr. M.L. Ganesh
1
ORDER
2
[Dictated to Athistamani, PS, in open court, transcribed by her, corrected and signed by me this 15th of September, 2025]
[ Justice G. Chandrasekharan] CHAIRPERSON
3
1 issue framed by the court
Whether the appeal filed against an interim conditional deposit order can be disposed of by directing the lower court to decide the main proceeding expeditiously.
M/s Venus P P V Spinning Mills (P) Ltd. and others
The Authorized Officer South Indian Bank
G. Chandrasekharan
As recorded by the court registry
16 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
