In this debt recovery proceeding appeal, the Tribunal dismissed the withdrawal application and rejected the appeal because the appellant failed to comply with the pre-deposit order.
IA 575/2025 dismissed and Appeal AIR (SA) 588/2025 rejected.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 21st Day of April, 2026
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 575 of 2025 (Waiver) In AIR (SA) 588 of 2025
(Arising out of IA 2157/2024 in SA 493/2024 on the file of DRT-I, Karnataka at Bengaluru)
Between
Sri Mailvaganan, S/o Sri Peethambaram, R/at 13, Oil Mill Road,
Lingarajapuram,
Bangalore, Karnataka 560 084. ..…Appellant
And
Finance Co. Limited,
The Regional Manager,
R/a: Dare House, 1st Floor, 2 NSC Boad Road, Chennai, Tamil Nadu 600 001.
Counsel for Appellant : M/s. Anil Kumar Counsel for Respondents : M/s. Kishore Balasubramanian
1
ORDER
Learned counsel for both sides are present.
When the matter is taken up, learned counsel for the petitioner/appellant submitted that the matter is settled between the parties. However, this Tribunal passed an order on 23.03.2026 in the waiver application in IA 575/2025 directing the petitioner/appellant to make pre-deposit for entertaining this appeal. The said conditional order passed by this Tribunal is not complied with. Therefore, IA 575/2025 is dismissed. Consequently appeal in AIR (SA) 588/2025 is rejected. Parties shall bear their own costs. Pending IAs, if any, shall stand closed.
Sd/[Justice G. Chandrasekharan] CHAIRPERSON
2
Sri Mailvaganan
M/s. Cholamandalam Investment and Finance Co. Limited
G. Chandrasekharan
As recorded by the court registry
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