Ms Nilgiris Cotton mill v. Canara Bank
Case brief
What is this about?
Debts Recovery Appellate Tribunal dismissed a waiver application and rejected an appeal filed by a banker against a DRT order due to the appellant's non-prosecution.
What did the court decide?
The appeal was rejected; the parties shall bear their own costs.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 29th of July 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
AIR (SA) 1381 OF 2024
(Arising out the order in IA 2243 of 2024 in SA 504/2024 on the file of DRT, Coimbatore)
Between M/s. Nilgiris Cotton Mill, Proprietor V. Prakash 36 A1 Karraikkalpalayam, Uppillipalayam (PO), Karuvalur, Tirupur 641 670. ... Appellant
And
Authorized Officer, Canara Bank, Karumathampatti Branch, Somanur Main Road, Karumathampatti 641 659. …Respondent Counsel for Appellant : M/s. G.V. Law Associates Counsel for Respondent : M/s T.S. Gopalan & Co
ORDER
This appeal is filed under Section 18 of the SARFAESI Act to set aside the
order dated 10.09.2024 in IA No.2243 of 2024 SA No. 504 of 2024 passed by the
Parties & counsel
- appellant
M/s. Nilgiris Cotton Mill
- respondent
Authorized Officer, Canara Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090013812024
- Topic
- Banking and Recovery
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