M S Sri Peachiamman Enterprises v. City Union Bank Limited
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai dismissed an application for waiver of pre-deposit order. Responding to non-compliance with a statutory deposit directive, the court rejected the pending appeal.
What did the court decide?
The waiver application is dismissed and the appeal AIR 362/2024 is rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 16th day of April, 2025
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 686/2024 (Waiver)
In
AIR (SA) 362/2024
(Arising out of TSA 112/2023 on the file of DRT - II, Chennai)
Between
- M/s. Sri Peachiamman Enterprises, Rep. by its Proprietrix, Mrs. N. Umayal, No.2, Gandhi Street, Chitlapakkam, Chennai – 600 064.
- Mr.M.Nagappan, S/o Manickam, No.4, New No.17, Haridaspuram Main Road, Chitlapakkam, Chennai – 600 064
Now both are residing at: No.37, Kollai Street, Kundrathur, Natham, Chennai – 600 064 … Appellants
Issues for consideration
1 issue framed by the court
Whether the appeal should be upheld for non-compliance with the pre-deposit order.
Parties & counsel
- appellant
Sri Peachiamman Enterprises through Mrs. N. Umayal
- appellant
Mr. M. Nagappan
- respondent
City Union Bank Limited through Authorised Officer
- respondent
City Union Bank Limited through Branch Manager
- respondent
A.T. Thirumurthy
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 331090003622024
- Topic
- Banking and Recovery
Similar cases
Judgements on the same questions, provisions and authorities, from every court