Soma Enterprises Limited v. Union Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of pre-deposit, resulting in the rejection of an appeal due to the appellant's failure to comply with a previous order directing a 25% statutory deposit.
What did the court decide?
Application for waiver of pre-deposit dismissed; underlying appeal AIR 988/2023 rejected due to non-compliance.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 18th Day of February, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 502/2023 (Waiver)
in
AIR 988/2023
(M.A.No.2/2023 in T.A.No.63/2022 on the file of DRT- I, Chennai)
Between
M/s. Soma Enterprise Limited, Rep. by its Authorized Signatory Mr. Abdul Raheem, Regd Office At: “Soma Heights”, 3, Siddhi Vinayak Society, Karve Road, Pune – 411 038, Maharashtra.
Also at: Corporate Office: No.2, Avenue 4, Road No. 10, Banjara Hills, Hyderabad – 500 034.
… Appellant
And
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed given the non-compliance of the statutory pre-deposit order.
Parties & counsel
- appellant
M/s. Soma Enterprise Limited
- respondent
Union Bank of India
- respondent
Bank of Baroda
- respondent
Bank of Maharashtra
- respondent
Central Bank of India
- respondent
Case details
As recorded by the court registry
All orders in this case
12 orders share this CNR
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