Ms Gayatri Food Products v. Kotak Mahindra Bank Limited
Case brief
What is this about?
The Appellate Tribunal dismissed the appeal at the threshold. The appellants failed to make the mandatory first instalment of pre-deposit as directed, leading to the dismissal of the appeal as it stood filed.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
Misc. Appeal on Diary No. 2681/2024
Between
M/s. Gayatri Food Products & Ors. … Appellant/s V/s.
The Authorised Officer, …Respondent/s
Kotak Mahindra Bank Ltd.
Mr. Mumtaz Khan, i/b Mr. Ritesh Patadia, Advocate for Appellants. Mr. Vinay Deshpande along with Mr. Ajay Deshmane & Ms. Shobha Chavan, i/b M/s. V. Deshpande & Co., Advocate for Respondent.
-: Order dated: 03/01/2025:-
The appellants have not complied with the direction of this Tribunal to make the 1st instalment of pre-deposit.
Hence, the appeal stands dismissed.
Interlocutory Applications, if any, stand dismissed.
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed in the absence of the required pre-deposit.
Parties & counsel
- appellant
M/s. Gayatri Food Products & Ors.
- respondent
The Authorised Officer
- other
Kotak Mahindra Bank Ltd.
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 271090026812024
- Topic
- Banking and Recovery
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