Dismissed
Ms Npt Offset Press Private Limited Managing Director Mr Vive Sachdev v. State Bank of India
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application seeking waiver of a mandatory pre-deposit order. As the appellants failed to deposit the required 50% of the disputed amount within the stipulated four-week deadline, the Tribunal held that the underlying appeal must be rejected, thereby giving effect to its previous conditional award.
What did the court decide?
Application IA 257/2025 (Waiver) dismissed; Appeal AIR 157/2022 rejected.