Debts Recovery Tribunals and Appellate Tribunals
SIMRAN POULTARY FEED INDUSTRY vs PUNJAB NATIONAL BANK on 30 April 2021
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
MA 20/2021
IN
SA 11/2020
SIMRAN POULTRY VS. PNB
30.04.2021
Item No.108
Present:
Adv. Amardeep Singh, Counsel for the Applicant.
(Matter heard through VC)
This MA is filed by the applicant with a prayer to set aside ex parte order dated 15.03.2021, passed by this Tribunal as SA
No.11/2020 filed by them titled as “Simran Poultry Vs. PNB”
was dismissed in default.
Heard arguments and perused the record. I am of the view that considering the principal of natural justice an opportunity can be granted to respondent bank for hearing and accordingly following order is passed:-
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1. This MA is allowed subject to payment of cost of Rs.10,000/- to DRT Bar Association, Chandigarh and to deposit Rs.1,00,000/- with the respondent bank, which is to be adjusted against outstanding amount.
2. Amount of Rs.1,00,000/- as directed above be deposited within 60 days from this order.
3. No extension for deposit of amount as above will be granted on any ground.
4. If the amount as directed above is not deposited within given time frame then the SA will be treated as dismissed. Registry is hereby directed to issue notices to the respondent bank for next date of hearing. Put up for compliance and further proceedings on 06.07.2021.
(Vivek Saxena) Presiding Officer DRT, Jaipur (Additional Charge DRT-I, Chandigarh) RJ