The Debt Recovery Appellate Tribunal at Chennai dismissed the appellant's waiver application (IA 222/2025) for failure to comply with a prior order directing a 40% pre-deposit within four weeks. Consequently, the Tribunal rejected the pending special appeal.
The waiver application (IA 222/2025) was dismissed for non-compliance of statutory deposit.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 24th day of September, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
AIR (SA) 1508/2023 (Arising out of SA No.538/2015 on the file of DRT-I, Bengaluru)
Between
Mr.S. Ramesh, S/o Late Sugunamal, No. 697/15, 42nd Cross, 3rd Block, Rajaji Nagar, Bangalore 560 010. …..Appellant
And
1. The Authorised Officer, State Bank of India, Stressed Assets Management Branch, 2nd floor, Office Complex Building, Local Head Office Compound, No. 65 St. Mark’s Road, Bangaluru 560 001.
2. Twenty Fourteen Hotels India Pvt. Ltd., Rep. by its Director, Mr. Mathewldikulla Vilayil, XII/971, Y. Tower, M.K.K. Nair Road, Vazhakalla P.O., Kakkanad, Kochi 682 030, Kerala State.
1
3. M/s. SKL Hotels Private Limited, Sy. No. 103, NH-7 Jala Hobli, Kempegowda International Airport Road, Bangalore. …..Respondents
Counsel for Appellant : Mr. T.R. Sundaram Counsel for Respondent-1 : Mr. K. Chandrasekaran Counsel for Respondent-2 : Mr. P.S. Suman
R3- given up
ORDER
Learned counsel for the petitioner and the learned counsel for R1 & R2 are present.
2
Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
3
2 issues framed by the court
Whether to allow waiver of pre-deposit ordered by the Tribunal under the SARFAESI Act, given the appellant's failure to comply within the stipulated period.
Whether failure to make the statutory pre-deposit justifies dismissal of the waiver application and the underlying special appeal.
3 provisions across 3 enactments
Mr. S. Ramesh
The Authorised Officer, State Bank of India
Twenty Fourteen Hotels India Pvt. Ltd.
M/s. SKL Hotels Private Limited
G. Chandrasekharan
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
G. Chandrasekharan
Parties & counsel
