Rajesh Kumar v. State Bank of India
Case brief
What is this about?
The Tribunal dismissed the appeal for non-compliance with the mandatory pre-deposit order dated 27.06.2025, as the appellant failed to deposit the stipulated 30% amount within the prescribed four-week period.
What did the court decide?
The appeal was dismissed; the conditional order of the Tribunal directing pre-deposit was given effect.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 29th of July 2025
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan
CHAIRPERSON
AIR (SA) 29 OF 2023
(Arising out the order in SA 228/2022 on the file of DRT-II, Bengaluru)
Between
Sri. Rajesh Kumar, S/o Sri Choudaiah, No.25,7th Main Road, Padarayanapura, Bengaluru 560 026 Also at No.18 (Old No.40), 9th Cross, Bhuvaneswari Nagar, BSK III Stage, Kathriguppe, Bengaluru 560 085. ... Appellant
And
- Authorized Officer, State Bank of India, Stressed Asset Recovery Branch, Mysore Bank Building, BKG Complex, “A” Block, 2nd Floor, Avenue Road, Bengaluru 560 009.
- Smt. Deepa K., D/o Sri Krishnappa, Aged around 45 years, No.119/2 Ganesh Mandira Road, 2nd Block, Tyagarajnagar, Bangalore South, Bangalore 560 028. …Respondents Counsel for Appellant : Mr. V. Mohan Counsel for Respondent-1 : Mr. B. Raghavulu NaiduR2 – set exparte
Issues for consideration
1 issue framed by the court
Whether the appeal filed under Section 18 of the SARFAESI Act can be allowed in the absence of the mandatory pre-deposit.
Parties & counsel
- appellant
Rajesh Kumar
- respondent
Authorized Officer, State Bank of India
- respondent
Deepa K.
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090000292023
- Topic
- Banking and Recovery
All orders in this case
14 orders share this CNR
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