S Venkatachalam v. Indian Overseas Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed a waiver application filed by the appellant because he failed to make the mandatory 25% pre-deposit ordered within the specified timeframe, resulting in the rejection of his substantive appeal.
What did the court decide?
Rejection of the appeal and dismissal of the waiver application due to non-payment of the pre-deposit.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 17th day of January, 2025
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 254/2022 (Waiver)
in
AIR (SA) 143/2022
(Arising out of S.A.No.132/2020 on the file of DRT-II, Chennai)
Between
S. Venkatachalam, S/o. Sethu Muthiah, No. 6, Duraisampath Street, C Ground Floor, Sudharshan Apartments, Kumaran Nagar, Virugambakkam, Chennai – 600 092. … Appellant
And
- The Branch Manager, Indian Overseas Bank, Teynampet Branch, D.M.S. Office Campus, Anna Salai, Teynampet, Chennai – 600 006.
Issues for consideration
1 issue framed by the court
Whether the appeal should be allowed despite the appellant's failure to comply with the ordered statutory deposit.
Parties & counsel
- appellant
S. Venkatachalam
- respondent
The Branch Manager, Indian Overseas Bank
- respondent
The Authorized Officer, Indian Overseas Bank
- respondent
M/s. Vijayplas Fabs Pvt. Ltd.
- respondent
Mr. R. Balasubramanian
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 331090001432022
- Topic
- Banking and Recovery
All orders in this case
13 orders share this CNR
Similar cases
Judgements on the same questions, provisions and authorities, from every court