Canara Bank (Syndicate Bank) v. Bombay Tubes and Poles Co.
Case brief
What is this about?
The Applicant sought condonation of delay in filing a repayment application. The Court allowed the condonation of delay due to administrative reasons and the fact of the mortgaged property being held by the original lender in between. The Applicant was given a warning not to commit delay in future. The Restoration Application (MA) was disposed off.
What did the court decide?
condonation of delay, with a warning not to repeat