The Tribunal dismissed an application for waiver of pre-deposit due to failure by appellants to comply with the order dated 26.03.2026, leading to the rejection of their appeal.
Application for waiver of pre-deposit dismissed; Appeal rejected; Parties bear own costs.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 11th Day of May, 2026
IA 300/2026 (Waiver) in
AIR (SA) 362/2026 (Arising out of T.S.A.No.497/2023 on the file of DRT-III, Chennai)
Between
All are residing at No.77, Saraswathi Street, Bharath Nagar, Adambakkam, Chennai – 600 088.
… Appellants
And
Counsel for Appellants : M/s. N.Rabiya Counsel for Respondents : Ms/ S.K. Mariyappan-R1 R2- Set exparte
1
ORDER
Learned counsel for the first respondent is present.
Sd/-
(Justice G. Chandrasekharan)
CHAIRPERSON
2
ra
3
1 issue framed by the court
Whether an application for waiver of pre-deposit in an appeal is maintainable when the statutory deposit remains non-compliant.
Mr. J. Guganathan and Mrs. Dhanalakshmi
M/s. Orix Leasing and Financial Services India Ltd.
A. Murugan
G. Chandrasekharan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
