The Debt Recovery Appellate Tribunal allowed the appellant's request to withdraw its appeal. Consequently, the main appeal RA (SA) 8/2020 stands rejected.
Permission to withdraw the appeal granted; main appeal RA (SA) 8/2020 rejected.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 27th Day of January, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan
CHAIRPERSON
IA 18/2023 (Delay in setting aside abatement)
In
RA (SA) 8/2020
(Arising out of SA 71/2019 on the file of DRT - I, Bangalore)
Between
M/s. Sri Lakshmi Malleables Pvt. Ltd., A Private Company registered Under the Companies Act 1956, Represented by its Managing Director Sri. M.R. Rajath, S/o Late. M.R. Ramachandra,
Having Registered Office at: No. 144, Sy No. 52, Aziz Sait Industrial Town, Nayandahalli, Bangalore – 560 039
And also at
43, 5th Cross, R.M.V. Extension, Bangalore – 560 080 …Appellant
And
1
S/o Late K.R. Ganesh Murthy, R/at. No. 142, 3rd Main, 4th Cross, Chikkallasandra, Bangalore – 560 061.
D/o Late S. N. Suyameendra, R/at. No. 349, 2nd B Cross, 1st Phase, Giri Nagar, Bangalore – 560 085.
2
Respondents 6 & 7 are proposed respondents. Respondents 5 to 7 set ex-parte on 14.06.2023. Respondent 3 called absent on 01.08.2023.
Counsel for Appellant : Mr.H.T.Nataraja Counsel for Respondent 1 : Mr. Srinath Sridevan Counsel for Respondent 2 : None
ORDER
Ld. Counsel for petitioner/appellant is present. Ld. Counsel for R1 is present through VC.
When the matter is taken up, Ld.Counsel for the petitioner/appellant filed a memo seeking permission to withdraw this appeal.
Permission granted. Thus, IA 18/2023 (Delay in setting aside abatement) is dismissed as withdrawn. Consequently, RA (SA) 8/2020 stands rejected.
Sd/- [Justice G. Chandrasekharan] CHAIRPERSON
3
M/s. Sri Lakshmi Malleables Pvt. Ltd.
The Manager, Union Bank of India
M/s. R.A. POWERGEN ENGINEERS PVT. LTD.
Sri Ramakrishna
Smt. S.N. Vanishree
Smt. Sujana
G. Chandrasekharan
As recorded by the court registry
17 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
