Ms Aura Tex v. Canara Bank and Ors.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai dismissed application IA 603/2024 for waiver due to non-compliance with a pre-deposit order. Consequently, the underlying appeal AIR 1118/2024 stands rejected.
What did the court decide?
Application for waiver dismissed; Appeal rejected due to non-compliance.
What the court decided
A compact analysis
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 13th day of May, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 603/2024 (Waiver)
In
AIR (SA) 1118/2024 (Arising out of SA 1021/2022 on the file of DRT, Coimbatore)
Between
- M/s.AuraTex, A partnership Firm Rep. by its partners, D.No.12, 131, D, 1, Pullukadu, Krishnapuram, Somanur, Coimbatore - 641 668.
- Shri.T.Arulandu,
Partner, S/o.Thaveethu, 11/7/53, Kamatchiamman Nagar, Rakkipalayam Road, Ammapalayam, Tirupur - 641 652. … Appellants
And
- The Authorized Officer Canara Bank, 25/1A, Marutham Towers, Indira Nagar, MTP Road, KavundampalayamBranch, Coimbatore - 641 030.
Issues for consideration
2 issues framed by the court
Whether the application for waiver of pre-deposit order dated 27.03.2025 should be allowed given the failure to deposit 40% of the amount
How to proceed with the appeal AIR 1118/2024 in absence of compliance with statutory deposit
Parties & counsel
- appellant
M/s.AuraTex, A partnership Firm Rep. by its partners
- appellant
Shri.T.Arulandu
- respondent
The Authorized Officer Canara Bank
- respondent
Mr.A.Gopalakrishnan
- respondent
Ms.A.Baby Rani
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 331090011182024
- Topic
- Banking and Recovery
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