Ms Digital Solution v. Tamilnad Mercantile Bank Limited
Case brief
What is this about?
The Debt Recovery Appellate Tribunal held that the appellants failed to comply with the order for statutory pre-deposit. Consequently, the application for waiver of the deposit and the underlying appeal were dismissed.
What did the court decide?
The application for waiver (IA 390/2024) is dismissed; the Appeal (AIR (SA) 590/2024) is rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 4th Day of February, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan
CHAIRPERSON
IA 390/2024 (Waiver)
In
AIR (SA) 590/2024
(Arising out of SA 466/2023 on the file of DRT-III, Chennai)
Between
- M/s. Digital Solution, Rep. by its Proprietor, Mr.D.Karthish, S/o. Durairaj, 4th Floor, Azees Centre, No.623, Anna Salai, Chennai – 600 006
- D.Karthish,
S/o. Durairaj, Flat No.A-1, Poes Pride, A Block, 1-Floor, 103-1 (50-1) Poes Road, Teynampet, Chennai – 600 018
Issues for consideration
1 issue framed by the court
Whether the appeal is maintainable when the statutory pre-deposit ordered by the Tribunal was not complied with within the stipulated time.
Parties & counsel
- appellant
M/s. Digital Solution, Rep. by its Proprietor, Mr. D. Karthish
- appellant
D.Karthish
- appellant
Mrs.Ratnaraj Vanila Roslin
- respondent
The Authorized Officer, Tamil Nadu Mercantile Bank
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · February
- CNR
- 331090005902024
- Topic
- Banking and Recovery
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