M/S.ANKIT ISPAT PVT LTD vs CENTRAL BANK OF INDIA on 26 September 2024

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

Dated the 26th day of September, 2024

PRESENT: THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA

CHAIRPERSON, DRAT, KOLKATTA

(Holding Addl. Charge of DRAT, Chennai)

AIR 291/2022

( Arising out of OA No.266/2017 on the file of DRT-II, Chennai)

Between

1. M/s Ankit Ispat Pvt. Ltd.

Rep. by its Managing Director

Mr. Ajay Agarwal,

No.9, Gopalapuram 6th Street,

Chennai 600 086.

M/s Ankit Ispat Pvt. Ltd.

No.57/2A & 2C, Nainikattalai Road,

Polagam Village, T.R. Pattinam,

Karaikal, Pondicherry 609 606.

2. Mr. Ajay Agarwal,

S/o Mr. G.S. Agarwal,

1162, 16th Floor,

TVH Lumbini Square,

127A, Brick Kiln Road,

Purasawalkam, Chennai 600 007.

…Appellants

And

1. Central Bank of India,

Rep. by its Chief Manager,

Mount Road, Branch,

No.826/ Tarapore Towers,

Anna Salai, Chennai 600002.

2. Mr. Ashok Agarwal, S/o R.R. Agarwal,

3. Mr. Ankit Agarwal, S/o Ashok Agarwal,

4. Smt. Anitha Agarwal, S/o Ashok Agarwal

5. Ashok Agarwal (HUF),

Rep. by its Kartha Mr. Ashok Agarwal

R2 to R5 are at:

No.2, Landans Road,

Kilpauk, Chennai 600 010.

6. M/s AML Steels Ltd.

Rep. by its Director, Mr. Ashok Agarwal, “AML Towers”, No.9, 6th Street, Gopalapuram, Chennai 600 088.

7. State Bank of India,

Stressed Assets Management Branch,

Rep. by its Asst. General Manager,

2nd floor, Red Cross Building,

No.32, Montieth Road,

Egmore, Chennai 600 008.

…Respondents

Counsel for appellants

:

M/s Aiyar & Dolia

Counsel for R1 Bank

:

M/s S. Pandurangan & Co.

Counsel for R7

:

None

R2 to R6 are given up.