M S Rahman Leather Exports v. Punjab National Bank
Case brief
What is this about?
The Appellate Tribunal dismissed an appeal due to the appellant's failure to make the ordered 25% pre-deposit within the specified deadline.
What did the court decide?
Appeal AIR 1746/2025 rejected for non-compliance of pre-deposit valid under the conditional order dated 11.09.2025.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 13th day of October, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
AIR 1746/2025 (Arising out of IA 1358/2025 in SA 466 of 2025 on the file of DRT-II, Chennai)
Between
M/s. Rahman Leather Exports, Rep. by its Partners, S. Shafeequr Rahman, Mr. S. Atheequr Rahman, Plot No. 122-123, Sidco Industrial Estate, Sipcot, Ranipet, Vellore, Tamil Nadu. …..Appellant
And The Authorised Officer, Punjab National Bank, Asset Recovery Management Branch, PNB Towers, Ground Floor, No.46-49 Royapettah High Road, Chennai 600 014. …..Respondent Counsel for Appellant : Mr. S.R. Mounaswamy Nathan Counsel for Respondent : Mr. Rahul Jain
ORDER
This matter is coming up today for reporting compliance of statutory deposit.
Issues for consideration
1 issue framed by the court
Whether an appeal should be rejected for non-compliance of a directed statutory pre-deposit.
Parties & counsel
- appellant
M/s. Rahman Leather Exports
- respondent
The Authorised Officer, Punjab National Bank
Coram
G. CHANDRASEKHARAN
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · October
- CNR
- 331090017462025
- Topic
- Banking and Recovery
Similar cases
Judgements on the same questions, provisions and authorities, from every court