Ms SrirangamPriya Promoters Private Limited v. The Authorized Officer Encore Asset Reconstruction Company Pvt. Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai dismissed a waiver of pre-deposit application filed by the appellant. Consequently, the underlying appeal was rejected as the appellant failed to appear. The tribunal noted the main suit was dismissed as infructuous.
What did the court decide?
The application for waiver of pre-deposit is dismissed and the appeal is rejected. Parties to bear their own costs.