Karur Vysya Bank v. Ms Tanvi Enterprise and Anr.
Case brief
What is this about?
This order considers an application for condonation of a 194-day delay in filing an appeal by a bank. The Tribunal noted statutory grounds but held that the appellant's lack of vigilance and inaction amount to negligence. Dismissing the application, the Tribunal also dismissed the appeal itself as time-barred.
What did the court decide?
Application for condonation of delay dismissed; Appeal dismissed as time barred.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
Appeal Diary No. 907 of 2025 (Arising out of S.A. 355 of 2019 in DRT-II, Hyderabad)
Order No. 12
20.05.2026
Karur Vysya Bank Limited … Appellant -VsM/s. Tanvi Enterprises & Another … Respondents
Ms. Shreya Bhatia, Learned Counsel for Appellant
Ms. Shristi Bansal (Virtual), Learned Counsel for Respondent No. 1
THE APPELLATE TRIBUNAL:
I.A. 529 of 2025
1. Application, under Section 5 of the Limitation Act, for condonation of 194 days delay in filing the appeal against order dated 29.1.2025 passed by the Learned DRT-II, Hyderabad in S.A. 355 of 2019 (M/s. Tanvi Enterprises -vs- Karur Vysya Bank Limited) whereby S.A. was allowed.
Issues for consideration
2 issues framed by the court
Whether the retirement of officers and relocation of the Recovery Department constitute sufficient cause for condoning a 194-day delay in filing an appeal.
Whether the banker-appellant's negligence in monitoring the impugned order and delayed preparation of the appeal draft bars condonation of delay.
Parties & counsel
- appellant
Karur Vysya Bank Limited
- respondent
M/s. Tanvi Enterprises
Coram
Anil Kumar Srivastava
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 191090009072025
- Topic
- Banking and Recovery
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