Canara Bank v. Sri Sai Auquatec
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application by Canara Bank to condone a delay of 235 days in re-filing an Order for reviewing an application. The court relied on a previous Madras High Court judgment, directing the bank to pay costs and comply with conditions before the Original Application could be numbered.
What did the court decide?
Condoned delay of 235 days subject to payment of Rs.1,000/- cost and filing a compliance report.