Debts Recovery Tribunals and Appellate Tribunals
M s PKP Minerals PVT Ltd vs STATE BANK OF INDIA on 9 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 9th day of September, 2026
PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 558 of 2022 (Waiver) in AIR 138 of 2022
[arising out of MA 20/2021 in OA 445/2015 on the file of DRT-III, Chennai)
Between
1.
M/S. PKP Minerals Private Limited
Rep. By Managing Director
Mr. P. K. Pounraj
51, South Railway Road,
Kumarasamypet,
Dharmapuri – 636 703
Also At:
M/S. PKP Minerals Private Limited
No.69, Adhiyaman Bye-Pass Road,
Dharmapuri – 636 701
2.
Mr. P. K. Pounraj
51, South Railway Road,
Kumarasamypet,
Dharmapuri – 636 703
3.
Mrs. P. Thilagavathi
Wife of Mr. P. K. Pounraj
51/5, South Railway Road,
Kumarasamypet,
Dharmapuri – 636 703
4.
Mr. P.M Gowran
Son of Murugappa Chettiar
46/1, Vetrilaikara Street,
Mulluwadi, Pennagaram,
Dharmapuri District
5.
Mr. P.G Ramesh
51, South Railway Road,
Kumarasamypet,
Dharmapuri – 636 703
…… Appellants
And
State Bank of India
Represented By Mr. N. Ramadass,
Chief Manager
Stressed Asset Management Branch
Raja Plaza, 1st Floor, No.1112,
Avinashi Road, Coimbatore – 641 037
….. Respondent
Counsel for Appellants
:
M/s. Tatva Legal
Counsel for Respondent
:
Mr. M. L. Ganesh
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ORDER
Learned Counsel for both sides are present.
2. Conditional order dated 7.8.2026 passed in the waiver application is not complied.
3. Therefore, the waiver application in IA 558 of 2022 is dismissed for ‘non- compliance.’ Consequently, Appeal AIR No. 138 of 2022 is rejected.
4. Parties are directed to bear their own costs.
5. Pending IAs, if any, stand closed.
Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON