S Prakash v. Kotak Mahindra Bank Limited
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an IA for waiver of pre-deposit order due to non-compliance. Consequently, the underlying appeal was rejected by giving effect to the conditional deposit order of 3.2.2025.
What did the court decide?
IA 376/2023 dismissed; Appeal AIR (SA) 1088/2023 rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 26th Day of February, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan
CHAIRPERSON
IA 376/2023 (Waiver) In
AIR (SA)1088/2023
(Arising out of SA 15/2023 on the file of DRT - II, Bengaluru)
Between
Mr. S. Prakash, S/o Sri. Kantegowda, No.18 & 19 – 60/1, 368/3, Singasandra Main Road, K.R. Layout, Singasandra, Bengaluru – 500 068
… Appellant
And
- The Authorised Officer M/s. Kothak Mahindra Bank Kotak House, No.22, ING Vyasa House, M.G. Road, Bengaluru – 600 001.
Issues for consideration
1 issue framed by the court
Whether an appeal should be dismissed for failure to comply with the statutory pre-deposit order.
Parties & counsel
- appellant
Mr. S. Prakash
- respondent
The Authorised Officer M/s. Kothak Mahindra Bank Kotak House
- respondent
Mr. Mohammed Rizwan
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · February
- CNR
- 331090010882023
- Topic
- Banking and Recovery
All orders in this case
6 orders share this CNR
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