P Rajaretnam v. Indian Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application seeking condonation of a 589-day delay in filing an appeal. The Tribunal held that the delay was unreasonable, as the petitioner pursued a writ petition in the High Court of Madras instead of filing an immediate SDRAT appeal, justifying dismissal without condonation.
What did the court decide?
Application IA 576/2024 for condonatioin of delay summarily dismissed; consequence being rejection of the underlying appeal AIR (SA) 886/2024.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 23rd Day of July, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 576/2025 (Delay) In
AIR (SA) 886/2024
(Arising out of IANo.76/2014 in SASR No.205/2014 on the file of DRT, Madurai)
Between
P. Rajaretnam, Proprietor, M/s Raja Kancheepuram Silks, No.11, Bethesda Complex, WCC Road, Nagercoil 629 001.
..…Appellant
And
- The Authorised Officer, Indian Bank, Nagercoil Branch, WCC Road Branch,
Nagercoil, Kanyakumari Distrct.
Issues for consideration
1 issue framed by the court
Whether the delay of 589 days in filing the appeal under Section 17 of the SARFAESI Act, attributable to pursuing a writ petition in the wrong forum, warrants condonation.
Parties & counsel
- appellant
P. Rajaretnam
- respondent
The Authorised Officer, Indian Bank, Nagercoil Branch
- respondent
Mr. S. Sundarraj
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090008862024
- Topic
- Banking and Recovery
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