The Debt Recovery Tribunal allowed an application for condonation of delay in restoring a subordinate original suit dismissed in default, subject to payment of costs, and fixed a hearing date.
Condonation of delay granted; main suit restored; hearing fixed for 19.07.2024.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
MA/12/2024 In SA No.275/2023
M/S DEV ALLOYS Vs JAMMU AND KASHMIR BANK LIMITED
05.06.2024 Item No.82
Present: Sh. GS Anand, Counsel for the Applicant.
Sh. Vivek Verma, Counsel for respondent bank.
Heard on the application for condonation of delay in filing the restoration application. The SA was dismissed in default on 07.12.2023 and the MA was filed on 24.01.2024. It is stated that the counsel did not disclose the date. Subject to the payment of costs of Rs.25,000/- to be paid to PGI Poor Patients Relief Fund, Chandigarh. The IA and MA both are allowed and disposed of accordingly. SA No.275/2023 is ordered to be restored to its original number.
SA No.275/2023
Counsel for the applicant undertakes that he would not move any application for stay of the sale in the SA. To come up on 19.07.2024.
(A S Narang) Presiding Officer DRT-I, Chandigarh
Pankaj
1 issue framed by the court
Whether the application for condonation of delay in filing the restoration application should be allowed.
1 provisions across 1 enactments
M/s Dev Alloys
Jammu and Kashmir Bank Limited
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
