Dismissed

Ms Hotel Radha Prasad v. City Union Bank Limited

DRAT9 Jun 2025

Case brief

AI extract

What is this about?

The Appellate Tribunal dismissed a waiver application (IA No. 520/2025) filed by appellants who failed to deposit 40% of the debt amount (Rs. 2,63,59,924/-) within six weeks as ordered on 24.04.2025. Consequently, the Tribunal rejected the main appeal (AIR 626/2025) arising from DRT Coimbatore.

What did the court decide?

Waiver application dismissed; main appeal AIR 626/2025 rejected due to non-compliance of pre-deposit.

Ms Hotel Radha Prasad versus City Union Bank Limited — Banking and Recovery | DRAT (2025)

¶1

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

¶2

Dated the 9^th day of June, 2025

¶3

PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON

¶4

IA 520/2025 (Waiver)

¶5

¶6

AIR (SA) 626/2025

¶7

(Arising out of SA 690/2022 on the file of DRT, Coimbatore)

¶8

Between

¶9

M/s. Hotel Radha Prasad Represented by its Partners

¶10

R.Radha, 2. R.R.Prasad, 3.M/s.Hotel Radhaprasad Private Limited, No.344, Brough Road

¶11

Erode – 638 001

¶12

Mr.R. Radha, S/o.Mr.D.M.Ramalingam, Sri.Raja Rajeswari Bhavanam, OA-13, 7^th Street, Rajiv Nagar, Kumaresapuram, Tiruchengodu – 637 211

¶13

Mr.R.R.Prasad, S/o. Mr.R.Radha, Sri.Raja Rajeswari Bhavanam, OA-13, 7^th Street, Rajiv Nagar, Kumaresapuram, Tiruchengodu – 637 211

¶14

M/s. Hotel Radhaprasad Private Limited, Plot No.26-A, 4^th Main Road, Represented by its Director 1. R.Radha, 2.R.R.Prasad SIPCOT IT Park, Siruseri, Chennai - 603 103

¶15

Mrs.P.Keerthiprasad, S/o.Mr.B.Anandan, A/13 Rajiv Nagar, Seetharamapalayam Village, Tiruchnegode - 637 211

¶16

¶17

Mrs.R.Savithri, W/o.Mr.R.Radha, Sri.Raja Rajeswari Bhavanam, OA-13, 7^th Street, Rajiv Nagar, Kumaresapuram, Tiruchengodu – 637 211 … Appellants

¶18

And

¶19

The Authorized Officer City Union Bank, Administrative Office No-24-B, Gandhi Nagar, Kumbakonam - 612 001. …Respondent Counsel for Appellants : Mr.T.R.Sundaram Counsel for Respondent : Mrs.Ananda Gomathy Murugesan

¶20

ORDER

¶21

Ld. Counsel for both sides are present.

¶22

This matter is coming up today for reporting compliance of statutory deposit.

¶23

This Tribunal vide its order dated 24.04.2025 directed the petitioners/appellants to deposit 40% of Rs.26,35,99,247/- within a period of six weeks, towards pre-deposit and the said period of six weeks had expired on 05.06.2025 and the matter was posted to today for reporting compliance.

¶24

When the matter is taken up today, it is reported by the Office as well as by the Ld. Counsel for petitioners that pre-deposit, as ordered by this Tribunal on 24.04.2025 is not complied with.

¶25

Under the circumstances, this application IA 520/2025 (Waiver) is dismissed for noncompliance of statutory deposit, resulting in rejection of Appeal AIR 626/2025, by giving effect to conditional order dated 24.04.2025.

¶26

Sd/-

¶27

(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON

¶28

Ms Hotel Radha Prasad v. City Union Bank Limited

Case brief

What is this about?

What did the court decide?

Ms Hotel Radha Prasad v. City Union Bank Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. & Ors.

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. & Ors.

M S Kerala State Development Corporation for Scheduled Caste and Scheduled Tribes Ltd. versus Asset Reconstruction Company India Limited

Mrs Kalpana versus Dbs Bank Limited

Arthur James versus South Indian Bank

State Bank of India versus R. Shankar

What is this about?

What did the court decide?

What is this about?

What did the court decide?

What the court decided

A compact analysis

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. &amp; Ors.

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. &amp; Ors.

M S Kerala State Development Corporation for Scheduled Caste and Scheduled Tribes Ltd. versus Asset Reconstruction Company India Limited

Mrs Kalpana versus Dbs Bank Limited

Arthur James versus South Indian Bank

State Bank of India versus R. Shankar

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. & Ors.

Mrs.Vasantha & Ors. versus Indian Overseas Bank Ltd. & Ors.