Debts Recovery Tribunals and Appellate Tribunals
M Durai vs STATE BANK OF INDIA on 29 October 2024
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 29th day of October, 2024
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN
CHAIRPERSON
IA 189/2024
in
AIR (SA) 217/2024
(Arising out of S.A.No. 514/2023 on the file of DRT-II Chennai)
Between
M. Durai,
S/o. Murugesa Gounder,
Old No. 65, New No. 77,
Pillayar Koil Street,
Chennavaram,
Vandavasi – 604 408.
Thiruvannamalai District.
..... Appellant
And
The Authorised Officer,
State Bank of India,
ARM Branch,
Represented by its Chief Manager,
Having its office at No. 44, 1st Floor,
Eldams Road, Teynampet,
Chennai – 600 018.
….. Respondent
Counsel for Appellant
: M/s. K. Suresh, V. Ramesh & T.S. Rajeev Gandhi Counsel for Respondent : M/s. N. Kishore Kumar
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ORDER
This Tribunal vide its dated 1.10.2024 directed the appellant to deposit 50% of Rs.5.51 crores within a period of four weeks from 1.10.2024 towards pre-deposit and the said period of four weeks had expired on 28.10.2024 and the matter was posted to this date for reporting compliance of deposit.
When the matter is taken up today, it is reported by the Office as well as by Ld. Counsel for petitioner/appellant that pre-deposit, as ordered by this Tribunal on 1.10.2024 is not complied with.
Under the circumstances, this application IA 189/2023 (Waiver) is dismissed for non compliance of statutory deposit, resulting in rejection of Appeal AIR (SA) 217/2024, by giving effect to conditional order dated 1.10.2024.
Sd/-
(JUSTICE G. CHANDRASEKHARAN)
CHAIRPERSON