The Appellate Tribunal permitted the withdrawal of an appeal and an intermediate application. Consequently, the appeal and the application were dismissed as withdrawn.
Permitted withdrawal of appeal and IA 519/2026; both dismissed as withdrawn.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 19th day of May, 2026
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 519/2026 (Waiver) In
AIR 863/2026
(arising out of IA No.: 28/2026 in SA No.:5/2026 on the file of DRT-I, Chennai)
Between
.... Appellants
And
THE AUTHORISED OFFICER, Indian Overseas Bank, Asset Recovery Management Branch, 3rd Floor, Annexe Building, 763, Anna Salai Central Office, Chennai – 600 002.
.... Respondent
Counsel for Appellants: M/s. Raja Srinivas & Co. Counsel for Respondent: M/s. P.V. Murlidhar & Co.
ORDER
Learned Counsel for both sides are present.
When this matter is taken up, Learned Counsel for the Petitioner submitted that since there had been no sale in pursuance of the sale notice challenged in SA 5/26, and a fresh sale notice was issued and that was challenged in SA 8/2026, he does not want to pursue this appeal and seeks permission for withdrawal of this appeal.
Permitted.
Thus, IA 519/2026 (Waiver) and appeal AIR 863/2026 is dismissed as withdrawn.
Sd/(JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
M/s VEEPEE ESTATES AND HOTELS PRIVATE LIMITED
MRS. JAYANTHI KUMARAVEL
MR. MANIKANDAN KUMARAVEL
MR. KUMARAVEL VARATHA RAJAN
THE AUTHORISED OFFICER, INDIAN OVERSEAS BANK
G. CHANDRASEKHARAN
As recorded by the court registry
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