Ms Supreme Traders and 9 Others v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed a waiver application for non-compliance of a statutory pre-deposit order dated 23.07.2025, leading to the rejection of Appeal AIR (SA) 1174/2025.
What did the court decide?
Waiver application under IA 804/2025 dismissed; Appeal AIR (SA) 1174/2025 rejected due to non-compliance of pre-deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 8th day of September, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
AIR (SA) 1174/2025
(Arising out of IA No.1845/2025 in SA 699 of 2024 on the file of DRT-I, Ernakulam)
Between
1. M/s. Supreme Traders, Aswathy Towers, Kuttiadi Road, Kallchi, Kallchi P.O., Vadalara, Kozhikode, Kerala 673 506,
Rep. by former Prasoon Jayaram.
2. Prasoon Jayaram, Ajantha, Chovva P.O., Chuvva, Kannur, Kerala 670 006.
3. Suneesh Thattipuram, S/o Kuhiraman T., Kuyyattil House, Chuvva, Kannur, Kerala 670 006.
4. Bhaskaran P.P., S/o Kunhambu, Ayathan House, Thottada, Kannur 670 007.
Issues for consideration
2 issues framed by the court
Whether to waive statutory pre-deposit ordered in an appeal before the Debt Recovery Appellate Tribunal.
Whether to dismiss the waiver application due to non-compliance with the pre-deposit order.
Parties & counsel
- appellant
M/s. Supreme Traders & Others
- respondent
State Bank of India & Another
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · September
- CNR
- 331090011742025
- Topic
- Banking and Recovery
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