Sri Kailash Traders Pvt. Ltd. v. Union Bank of India
Case brief
What is this about?
The Tribunal dismissed an application for waiver of predeposit due to non-compliance. Consequently, the underlying appeal was rejected based on the earlier conditional order directing a 50% deposit.
What did the court decide?
The application for waiver is dismissed, resulting in the rejection of the underlying appeal.
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 249/2023 (Waiver) In AIR (SA) 61/2021
( arising out of SA 22/2020 on the file of DRT-III, Chennai)
Between
- M/s Sri Kailash Traders Pvt. Ltd. Rep. by its Managing Director, Mr. Narashia M. Patel, No.42/2, East Coast Road (100 Ft. Road) Near R.T.O. Mudaliarpet, Puducherry 605 004.
- Mr. Narashia M. Patel,
Son of Mr. Manji Ramji Patel, No.7, Sathani Street, Kosapalayam, Puducherry 605 013.
…..Appellants
And
Parties & counsel
- appellant
M/s Sri Kailash Traders Pvt. Ltd. Rep. by Mr. Narashia M. Patel and Mr. Narashia M. Patel
- respondent
Union Bank of India
Coram
G. Chandrasekharan
Case details
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