Dismissed

Sriharan Sripathmanathan, represented by his Power of Attorney Mr. E. Sivanandam and another v. Edelweiss Asset Reconstruction Company Limited and 5 others

DRAT17 Mar 2025

Case brief

AI extract

What is this about?

The Appellate Tribunal allowed the withdrawal of the waiver application filed by the appellants, resulting in the dismissal of the waiver application and consequential rejection of the main appeal.

What did the court decide?

Permission granted for withdrawal of the waiver application; Application dismissed; Appeal rejected.

Sriharan Sripathmanathan, represented by his Power… — Civil Procedure and Limitation | DRAT (2025)

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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

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Dated the 17^th day of March, 2025

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PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON

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IA 828/2024 (Waiver) In

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AIR (SA) 1939/2024 (Arising out of S.A.No.9/2024 on the file of DRT-I, Chennai)

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Between

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Sriharan Sripathmanathan, Represented by his Power of Attorney,

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Mr. E. Sivanandam,

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No. 33, Karpagavinayagar Koil Street, Kandanchavadi, Chennai – 600 096.

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Asiana Hotel Management Company PTE Limited, Having its registered office at 17, Phillip Street, #0501, Grand Building, Singapore – 048 695.

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… Appellants

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And

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Edelweiss Asset Reconstruction Company Limited, Having its registered office at Edelweiss House, Off CST Road, Kalina, Mumbai – 400 098.

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Malabar Hotels Private Limited, Having its registered office at #1/238, Old Mahabalipuram Road, Semmenchery, Chennai – 600 019.

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Mr. Sarang Sudhakar Kale, Director – Malabar Hotels Priavate Limited, Flat No.2, Gangadhar Chambers, 314, Narayan Peth, Pune – 411 030.

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Kaleidoscope Projects Private Ltd, Having its registered office at Flat No.2, Gangadhar Chambers, 314, Narayan Peth, Pune – 411 030.

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Edelweiss Finvest Limited, Having its registered office at Tower 3, Wing ‘B’, Kohinoor City Mall, Kohinoor City, Kiral Road, Kurla (West), Mumbai – 400 070.

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M/s. GBJ Hotels Private Limited, Having its registered office at 164 and 165, Avinashi Road, Peelamedu, Coimbatore, Tamil Nadu, India – 641 004. Represented by its Authorised Signatory Shri. Kanaka Durga Prasad Pokala.

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…Respondents

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Counsel for Appellant : M/s. J. Parimalam & Co Counsel for Respondent 1 : M/s. Ravi Law Chambers

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ORDER

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Ld. Counsel for petitioners/appellants is present. Ld. Counsel for R1, R2 to R4 and R6 are present in VC.

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When the matter is taken up, Ld. Counsel for petitioners/appellants filed a withdrawal memo stating that in terms of the order of Hon’ble High Court of Madras passed in W.P.No.1001/2025 dated 6.3.2025, petitioners/appellants seek permission of this Tribunal to withdraw this application. Permission is accorded.

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Accordingly, Application IA 828/2024 (Waiver) is dismissed as withdrawn resulting in rejection of Appeal AIR (SA) 1939/2024.

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Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON

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Sriharan Sripathmanathan, represented by his Power of Attorney Mr. E. Sivanandam and another v. Edelweiss Asset Reconstruction Company Limited and 5 others

Case brief

What is this about?

What did the court decide?

Sriharan Sripathmanathan, represented by his Power of Attorney Mr. E. Sivanandam and another v. Edelweiss Asset Reconstruction Company Limited and 5 others

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

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Case details

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