Yamuna v. Punjab National Bank (United Bank of India)
Case brief
What is this about?
The Debt Recovery Appellate Tribunal dismissed an application for waiver of a pre-deposit order. The appellant had failed to deposit 50% of the claimed amount within the stipulated six weeks, leading to the rejection of the underlying appeal.
What did the court decide?
Application for waiver of pre-deposit order was dismissed; underlying appeal AIR 1151/2024 was rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 28th Day of January, 2025
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 613/2024 (Waiver)
In
AIR (SA) 1151/2024
(Arising out of SA 128/2024 on the file of DRT-I, Bengaluru)
Between
Smt. Yamuna Ramesh, Wife of Shri Ramesh, Residing at No.2372, XVI Main, HAL II Stage, Indiranagar, Bengaluru – 560 038 …Appellant
And
- The Authorised Officer,
Punjab National Bank, Circle Office, Recovery Department, # 26-27, Raheja Towers, M.G. Road, Bengaluru – 560 001.
Issues for consideration
2 issues framed by the court
Whether to exercise discretion to waive the statutory pre-deposit order due to non-compliance.
Whether the appeal requires dismissal when the appellant fails to deposit the mandated percentage of the debt.
Parties & counsel
- appellant
Smt. Yamuna Ramesh
- respondent
The Authorised Officer, Punjab National Bank, Circle Office, Recovery Department
- respondent
Punjab National Bank, Circle Office, Recovery Department
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 331090011512024
- Topic
- Banking and Recovery
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