M.B.VISHWANATH
K. JANARDHAN PILLAI – Appellant
Versus
INDIAN OVERSEAS BANK – Respondent
M.B. Vishwanath, Chairperson - In these seven unregistered appeals common arguments were addressed. The appellants are common. The respondent Bank also is common. The learned Presiding Officer of the Debt Recovery Tribunal (DRT), Ernakulam has passed separate orders under Section 19 of the Act against all the appellants in the OAs.
2. The appellants as per order under Section 19 are due to the respondent Bank the amount as given in the statement below:
Appeal No. OA in DRT Amount (In Rupees)
URA-26/2000 5/1998 2,30,79,3 18/- (Two crore thirty lakh odd)
URA-27/2000 8/1998 4,01,07,277/- (Four crore odd)
URA-38/2000 6/1998 12,31, 316/- (Twelve lakh thirty thousand odd)
URA- 1/2001 10/1998 2,46,24,079/- (Two crore forty-six lakh odd)
URA-2/2001 7/1998 30,94,536/- (Thirty lakh ninety thousand odd)
URA-3/2001 9/1998 3,21,29,775/- (Three crore twenty-one lakh odd)
URA-4/2001 11/1998 12,52,854 (Twelve lakh fifty thousand odd)
3. Common arguments were heard. So I will pass a common order under Section 21 of the Act.
4. Section 21 of the Act contemplates that the appeal filed by the appellant guarantors (defendants) shall not be entertained by the Appellate Tribunal unless the appel
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