Ms Nstg India Private Limited v. Ms Karnataka Bank Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of pre-deposit because the appellants failed to deposit 30% of the dues within the stipulated time. Consequently, the underlying appeal was rejected.
What did the court decide?
Application for waiver of pre-deposit dismissed; appeal rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 2nd day of September, 2025
IA 818/2025 (Waiver) in AIR (SA) 1162/2025
(I.A.No.2705/2025 in S.A.No.547/2025 On the file of DRT, Coimbatore)
Between
- M/s. NSTG India Private Limited, Rep by its Directors Mrs. Nithya AA, Having its Office No. 50, Paparambakkam Road Mannur, Kanchipuram, Kancheepuram – 602 105.
- Mr. A. Suresh Kumar, S/o. Late Avinashilingam, No. 302, Dr. Rajendra Prasad Road, Tatabad, Coimbatore – 641 012. … Appellants
And
- M/s. Karnataka Bank Ltd., Asset Recovery Manager Branch, Rep by its Chief Manager/Authorized Manager, No. 324, Ground Floor, Thambu Chetty Street, Chennai – 600 001.
- Mr. Balasaravanan S/o. Venkatesan, No. 1/3, VOC Site No. 3, Sowripalayam, Coimbatore – 641 028. …Respondents Counsel for the appellants : Mr. K. Prabhakaran Counsel for the Respondent-1 : M/s. Ramalingam & Associates
Issues for consideration
1 issue framed by the court
Whether the appeal should be dismissed for non-compliance with the statutory pre-deposit order.
Parties & counsel
- appellant
M/s. NSTG India Private Limited
- appellant
Mr. A. Suresh Kumar
- respondent
M/s. Karnataka Bank Ltd.
- respondent
Mr. Balasaravanan S/o. Venkatesan
Coram
Case details
As recorded by the court registry
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