Sowrya Constructions v. Canara Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed the appeal as not maintainable under the Facts and circumstances of the appeal was not deposit amount for twenty-four hours. Despite reducing the pre-deposit from 50% to 35%, the appellant failed to comply. The appeal was dismissed without prejudice to the order.
What did the court decide?
Appeal Dismissed. Costs easy. File consigned to record room.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appl. Dy No. 415 of 2024 (Arising out of S.A. No. 464 of 2023 DRT- Visakhapatnam)
THE HON’BLE JUSTICE SHRI ANIL KUMAR SRIVASTAVA, CHAIRPERSON
Order No. 13
18.03.2025
- M/s. SOWRYA CONSTRUCTIONS having registered office at 2/37/2, PLOT NO 13, SECTOR 10, MVP COLONY, VISHAKAPATNAM. Andhra Pradesh.
- SRI YADDALA MADHUSUDHAN REDDY residing at 2/37/2, PLOT NO. 13, SECTOR-10, M.V.P COLONY, VISAKHAPATNAM, ANDHRA PRADESH
... Appellant
--Vs--
- CANARA BANK having office at DWARAKA NAGAR BRANCH, 48-14-44, ANAND TOWERS, RAMA TAKIS RAND, ASILMETTA, Visakhapatnam.
2.AUTHORISED OFFICER, CANARA BANK residing at REGIONAL OFFICE, PADMAVATHI TOWERS, BALAJENAGAR, VIP ROAD, SIRIPURAM, 9-29-15/7, VISAKHAPATNAM
Issues for consideration
1 issue framed by the court
Whether an appeal against a DRT order was maintainable when the appellant failed to deposit the required pre-deposit amount despite a reduction in the demanded percentage.
Parties & counsel
- appellant
M/s. SOWRYA CONSTRUCTIONS & SRI YADDALA MADHUSUDHAN REDDY
- respondent
CANARA BANK & AUTHORISED OFFICER, CANARA BANK & SMT CHIPRI SEETHAMMA
Coram
Anil Kumar Srivastava, Chairperson
Case details
As recorded by the court registry
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