Ms Sri Nathan Traders v. Canara Bank
Case brief
What is this about?
This order dismisses an application for waiver of pre-deposit and rejects an appeal due to the appellant's failure to comply with a tribunal order for a 25% deposit within six weeks.
What did the court decide?
Application IA 825/2024 dismissed; Appeal AIR 1527/2024 rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 16th day of June, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 825/2024 (Waiver) In AIR (SA) 1527/2024 (Arising out of IA 3422/2024 in SA 743/2024 on the file of DRT, Coimbatore)
Between
And
M/s. Sri R Nathan Traders Prop. Amutha.R W/o. Rajendran.P 153, Salem Road, Narasinga Puram, Attur, Salem – 636 108 … Appellant Canara Bank, Represented by its Authorised Officer, 518, Salem Main Road, Attur, Salem – 636 102 …Respondent Counsel for Appellant : M/s.G.V.Law Associates Counsel for Respondent : Mr.S.Pandurangan
ORDER
Ld. Counsel for both sides are present.
This matter is coming up today for reporting compliance of statutory deposit.
This Tribunal vide its order dated 30.04.2025 directed the petitioner/appellant to deposit 25% of Rs.3,45,94,488/- within a period of six weeks, towards pre-deposit and the said period of six weeks had expired on 10.06.2025 and the matter was posted to today for reporting compliance.
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed given non-compliance with a conditional order for pre-deposit.
Parties & counsel
- appellant
M/s. Sri R Nathan Traders Prop. Amutha.R W/o. Rajendran.P
- respondent
Canara Bank
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
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