The Debt Recovery Appellate Tribunal at Chennai dismissed a waiver application for a statutory pre-deposit. The appellant failed to remit the mandated 40% deposit within the stipulated timeframe. Consequently, the associated appeal (AIR SA 2001/2025) was rejected.
Application for waiver of pre-deposit dismissed; Appeal rejected due to non-compliance.
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 DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 6th Day of November, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
AIR(SA) 2001/2025
(Arising out of IA 2243/2025 in SA 641/2025 on the file of DRT -III, Chennai)
Between
Mr. Umapathi Sankar S/o Sankar Ramkrishnan, Sallikkapettai, Puduvoyal, Thiruvallur 601 206. ..…Appellant
And
The Authorised Officer, M/s Equitas Small Finance Bank Ltd., Anna Salai, Chennai 600 002. …..Respondent
Counsel for Appellant : Mr. D. Durairaj Counsel for Respondent : Mr. T.K.M. Sai Krishnan
ORDER
This matter is coming up today for reporting compliance of
statutory deposit.
1
the petitioner/appellant to make pre-deposit of 40% of Rs.13,47,474/- in two equal instalments i.e. on or before 21.10.2025 and 04.11.2025 respectively and the said period had expired on 04.11.2025 and the matter was posted to 06.11.2025 for reporting compliance.
Sd/-
[Justice G. Chandrasekharan] CHAIRPERSON
2
2 issues framed by the court
Whether to waive statutory pre-deposit in a debt recovery appeal when it remains unremitted after the deadline.
Whether an appeal admits to a hearing where the mandatory 40% pre-deposit has not been paid.
Umapathi Sankar
The Authorised Officer, M/s Equitas Small Finance Bank Ltd.
G. Chandrasekharan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
