Debts Recovery Tribunals and Appellate Tribunals
S S GRANITES vs UNION BANK OF INDIA on 1 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 578/2026 (Waiver) in A.IR:546/2026
M/S S S Granites V/S Union Bank Of India & Anr 01/09/2026
Learned counsel for the petitioners/appellants and the learned counsel for the respondent are present. This matter is coming up today for reporting compliance of statutory deposit. This Tribunal, vide its order dated 31.07.2026, directed the petitioners/appellants to make pre-deposit of 30% of Rs.36,16,072/- within a period of four weeks from 31.07.2026 and the said period of four weeks had expired on 28.08.2026 and the matter was posted to 01.09.2026 for reporting compliance. When the matter is taken up today, it is reported by the Office as well as the learned counsel for the parties that pre-deposit, as ordered by this Tribunal on 31.07.2026 is not complied with. Under the said circumstances, the waiver application in IA 578/2026 is dismissed and the appeal in AIR (SA) 546/2026 is rejected for not complying the order dated 31.07.2026. Parties shall bear their own costs. Pending IAs, if any shall stand closed.
Sd/-
Chairperson