R Natarajan v. Canara Bank
Case brief
What is this about?
The Appellant failed to report compliance of the pre-deposit of 50% of the decretal amount ordered by the Tribunal on 03.02.2025. Consequently, the application for waiver was dismissed, leading to the rejection of the appeal.
What did the court decide?
Application IA 29/2024 for waiver of pre-deposit was dismissed; Appeal AIR (SA) 1891/2023 rejected.
What the court decided
A compact analysis
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 19th Day of March, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 29/2024 (Waiver)
In
AIR (SA) 1891/2023
(Arising out of IA 3030/2023 in SA 594/2023 on the file of DRT, Coimbatore)
Between
R.Natarajan, S/o. Late Rangasamy, Kadampadi Village, Sengathurai, Sulur, Coimbatore – 641 401 ..…Appellant
And
- Canara Bank,
Rep. by its Authorized Officer/Chief Manager, Kavundampalayam Branch, 25/A, Maurtham Towers, Indira Nagar, MTP Road, Coimbatore – 641 030
Issues for consideration
1 issue framed by the court
Whether the appeal should be treated as dismissed in view of failure to comply with the order for statutory pre-deposit.
Parties & counsel
- appellant
R.Natarajan
- respondent
Canara Bank
- respondent
The Chief Judicial Magistrate, Coimbatore District
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · March
- CNR
- 331090018912023
- Topic
- Banking and Recovery
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