The tribunal dismissed an application for condonation of delay under Section 5 of the Limitation Act. Consequently, the underlying arbitration appeal was dismissed as time-barred for lack of a returned party.
Appeal dismissed as time-barred; Application under Section 5 Limitation Act dismissed.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appl. Dy. No. 522 of 2026
(Arising out of S.A. 01 of 2021 – DRT-I Hyderabad)
THE HON’BLE JUSTICE SHRI ANIL KUMAR SRIVASTAVA, CHAIRPERSON
06.08.2026
M/s. Asset Advisory Services India Private Limited, Having Registered Office At 402, 4th floor, 6-3-249/6, Alcazar Plaza & Towers, Road No. 1, Banjara Hills, Hyderabad – 500034.
--Vs--
2.Central Bank Of India, Hyderabad Main Branch, Bank Street, Koti, Hyderabad.
... Respondents
For Appellant : For Respondent :
THE APPELLATE TRIBUNAL :
None is present for the appellant even in the revised list.
Accordingly, I.A. 362 of 2026 filed u/s 5 Limitation Act for condonation of delay in preferring the appeal is dismissed. Consequently, appeal Dy. No. 522 of 2026 is dismissed as time barred.
File be consigned to record room.
Copy of the Order be uploaded in the Tribunal’s website.
Order dictated, signed and pronounced by me in the open
Court on this the 6th day of August, 2026.
(Anil Kumar Srivastava, J) Chairperson
Dated : 06.08.2026 04/pkb
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1 issue framed by the court
Whether the appeal against the DRT order is time-barred warranting dismissal due to lack of condonation of delay.
M/s. Asset Advisory Services India Private Limited
Marram Suresh Reddy
Central Bank Of India
Anil Kumar Srivastava
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
