Shine P Jacob v. South Indian Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai heard an application for waiver of pre-deposit. The Tribunal directed the appellant to deposit 25% of the decretal amount by January 7, 2025. On reporting non-compliance, the Tribunal dismissed the waiver application, resulting in the rejection of the appeal.
What did the court decide?
Application for waiver of pre-deposit dismissed; Appeal AIR (SA) 1165/2023 rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 8th day of January, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 492/2023 (Waiver) In
AIR (SA) 1165/2023
( arising out of IA 2373/2023 in SA 50/2022 on the file of DRT-II, Ernakulam)
Between
Shine P. Jacob S/o P.M. Jacob,
Poovannummoottil House,
T.B. Junction, Punalur P.O.
Kollam 691 305.
…..Appellant
Issues for consideration
1 issue framed by the court
Whether the appellant can waive the pre-deposit order of this Tribunal when the statutory period for deposit has expired without compliance.
Parties & counsel
- appellant
Shine P. Jacob
- respondent
The Authourised Officer/Chief Manager, The South Indian Bank
- respondent
The Branch Manager, The South Indian Bank
- respondent
The Chairman, The South Indian Bank
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 331090011652023
- Topic
- Banking and Recovery
All orders in this case
9 orders share this CNR
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