Hdfc Bank v. M/S Laxmi Oil and Cereal Mills
Case brief
What is this about?
In this Chamber Appeal, the Debts Recovery Tribunal rejected the appeal filed by HDFC Bank against the Registrar's refusal to register an Ontime Objection as it was filed beyond the 15-day limit mandated by Rule 5(4) of the Tribunal Procedure Rules. The appeal was dismissed solely on the ground of delay.
What did the court decide?
The Chamber Appeal was rejected as time-barred due to failure to file within 15 days from the date of the impugned order.