Sasidharan T and others v. Federal Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai reported non-compliance with an earlier order requiring a 40% pre-deposit of approximately Rs. 5.23 crore. Consequently, the Tribunal dismissed a waiver application (IA 129/2025) and rejected the appeal based on the expired deadline for deposit.
What did the court decide?
Waiver application for pre-deposit dismissed; Appeal rejected due to non-compliance with statutory deposit order.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 8th day of September, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
AIR (SA) 1690/2024
(Arising out of SA No.741/2024 on the file of DRT-I, Ernakulam)
Between
1. Sasidharan T. 2. Prakashan T 3. Sreeja K.N. 4. Dini Sasidharan T 5. Dhiki T All are residing at Haikootathil (H), Kadalundi P.O., Kozhikode 670 302. …..Appellants
And
The Authorised Officer, The Federal Bank, LCRD 1st floor, Federal Towers, Mavoor Rd., Arayadathupalam, Kozhikode 673 016. …..Respondent Counsel for Appellant : Mr. N. Sasi Counsel for Respondent : M/s. Deepa Harigovind
1
Issues for consideration
1 issue framed by the court
Whether to allow the appeal given the failure to make the statutory pre-deposit of 40% within the stipulated six-week period.
Parties & counsel
- appellant
Sasidharan T.
- appellant
Prakashan T
- appellant
Sreeja K.N.
- appellant
Dini Sasidharan T
- appellant
Dhiki T
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · September
- CNR
- 331090016902024
- Topic
- Banking and Recovery
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