K Rameshkumar v. State Bank of India
Case brief
What is this about?
The Tribunal dismissed an application for waiver of pre-deposit order due to non-compliance. The appellant failed to deposit 40% of the claimed amount within the prescribed four-weeks, leading to the rejection of the underlying appeal.
What did the court decide?
Application for waiver of pre-deposit dismissed; underlying appeal rejected.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 21st Day of May, 2026
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 531/2026 (Waiver) in AIR (SA) 701/2026
(Arising out of I.A.No.350/2026 in S.A.No.105/2026 on the file of DRT-II, Chennai)
Between
Mr. K. Rameshkumar, S/o Mr. Kasinathan, No. 273, Meetu Street, Oraiyur, Panruti Taluk, Cuddalore Town 607 108, Rep. by his GPA holder K. Raja … Appellant
And
The Authorised Officer, State Bank of India, Stressed Assets Recovery Branch, 2nd Floor, Indian Red Cross Buildings, No. 32, Montieth Road, Egmore, Chennai 600 008. …Respondent
Counsel for Appellant : M/s. G. Sanjeevi Counsel for Respondent : M/s. S.R. Sumathy
1
Issues for consideration
2 issues framed by the court
Whether to waive non-compliance of statutory pre-deposit ordered by the Tribunal.
Whether the appeal should be rejected due to failure to make the pre-deposit within the stipulated time.
Parties & counsel
- appellant
Mr. K. Rameshkumar
- respondent
The Authorised Officer, State Bank of India
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · May
- CNR
- 331090007012026
- Topic
- Banking and Recovery
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