SHASHI MODI vs BANK OF INDIA on 29 October 2026

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

R.A(S.A):42/2022

Smt.Shashi Modi V/S Bank Of India & Anr

29/10/2026

(Order pronounced (detailed order vide separate sheets) in open Court.) Therefore, this Tribunal is not inclined to interfere with the order passed by the learned Presiding Officer, DRT-II, Chennai in dismissing the securitization application and on the ground of delay, latches, waiver and abandonment of right. However, the appellant can claim her right of 1/6th share in the suit said to have been filed by her against her brothers and the auction purchaser. Thus, this appeal is liable to be dismissed and accordingly dismissed. In the result, This appeal is dismissed by confirming the order dated 30.06.2022 passed by the learned Presiding Officer, DRT-II, Chennai, in SA 24/2022. Parties are directed to bear their own costs. Pending IAs if any shall stand closed.

Sd/-

Chairperson