V.Velayutham v. Laxmi Vilas Bank
Case brief
What is this about?
In this case, the Debt Recovery Appellate Tribunal dismissed the waiver application for non-compliance with a conditional order extending pre-deposit. Consequently, the pending appeal was rejected.
What did the court decide?
Waiver application in IA 562 of 2026 was dismissed for non-compliance; Appeal AIR No. 869 of 2026 was rejected.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 23rd day of July, 2026
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
IA 562 of 2026 (Waiver) in AIR 869 of 2026
(arising out of TSA No. 53 of 2023 on the file of DRT-II, Chennai)
Between
V. Velayutham, S/o Vaithiyanathan, No. 153/3, II Floor, Sri Raja Rajeswari Nagar, Opp. to Malar Apartments, Kallakurichi – 606 202
….. Appellant
And 1. The Authorised Officer, Lakshmi Vilar Bank Ltd., (Now part of DBS Bank India Ltd.,), No. 199-205, Ranga Pilla Street, Puducherry – 605 001
- The Branch Manager, Lakshmi Vilas Bank Ltd., (Now part of DBS Bank India Ltd.,), Kallakurichi Branch, No. 19, Salem Main Road, Kallakurichi – 606 202
- T. Rahamathullah, Muruga Polytechnic College, Melur Village, Melur Post, Kallakurichi, Kallakurichi District – 606 202
Issues for consideration
1 issue framed by the court
Whether the waiver application should be dismissed due to non-compliance with the conditional order and pre-deposit requirement.
Parties & counsel
- appellant
V. Velayutham
- respondent
The Authorised Officer, Lakshmi Vilar Bank Ltd.
- respondent
The Branch Manager, Lakshmi Vilas Bank Ltd.
- respondent
T. Rahamathullah
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · July
- CNR
- 331090008692026
- Topic
- Banking and Recovery
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