Debts Recovery Tribunals and Appellate Tribunals

S P CONSTRUCTIONS vs BANK OF BARODA on 2 September 2026

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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

Dated the 2nd day of September, 2026

PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN

CHAIRPERSON

IA 957/2026 (Waiver) in AIR 1623/2026

(arising out of IA No.824 of 2026 in SA No.259 of 2026 on the file of DRT-II, Chennai)

Between

1.

M/s. S.P. Constructions,

Represented by its Proprietor

Mr. Thomas Paulpandian,

No. 20, Pugalenthi Street,

MGR Nagar, Chennai – 600 078

2.

Mr. Thomas Paulpandian,

S/o. Paulpandian,

3.

Mr. Paulpandian,

S/o. Selliah,

2nd and 3rd Appellants residing at:

No. AP 1223, 77th Street, 12th Sector,

K.K. Nagar, Chennai – 600 078

… Appellants

And

The Authorized Officer

Bank of Baroda

ROSARB Branch, Chennai Rural,

No. 123, Dugar Towers, R.L. Road,

Egmore, Chennai – 600 008

... Respondents

Counsel for Appellants:

M/s. RKM Suresh

Counsel for Respondent:

M/s. S. Pandurangan

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ORDER

Learned Counsel for both sides are present.

2. Conditional order dated 3.8.2026 passed in the waiver application is not complied with.

3. Therefore, waiver application in IA No. 957 of 2026 is dismissed for non- compliance. Consequently, appeal in AIR No.1623 of 2026 is rejected.

4. Parties are directed to bear their own costs.

5. Pending IAs, if any, stand closed.

Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON

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