State Bank of India v. The Opera International
Case brief
What is this about?
The Debt Recovery Tribunal allowed an application for condonation of a 275-day delay in re-filing an original application. The court relied on precedents regarding financial institutions as public money custodians and ordered payment of costs to proceed.
What did the court decide?
Condonation of delay of 275 days in re-presenting the OA, subject to payment of Rs. 2,000/- cost to TN State Legal Services Authority and filing a compliance report.