UJJAL BHUYAN, CHILLAKUR SUMALATHA
Ravali Industries Pvt. Ltd. , rep. by its Prop. Yelle Ravali, W/o. K. Krishna Chaitanya – Appellant
Versus
State Bank of India, rep. by its Authorised Officer – Respondent
ORDER :
Ujjal Bhuyan, J.
Heard Ms. P. Hamsa Durga, learned counsel for the petitioners and Sri Maruthi Jadhav, learned counsel appearing on behalf of M/s. Pearl Law Associates for the respondent No. 1 - State Bank of India.
2. This petition has been filed under Article 226 of the Constitution of India assailing the legality and validity of the docket order dated 06.10.2021 passed by the Debts Recovery Tribunal - I at Hyderabad (Tribunal) dismissing I.A. No. 404 of 2020 filed by the petitioner in O.A. No. 587 of 2019.
3. Though not specifically pleaded, it can be gathered from the pleadings and other materials on record that petitioners had availed loan from respondent No. 1 - State Bank of India, but defaulted in repayment of the same. For recovery of the loan amount, respondent No. 1 - State Bank of India filed the original application before the Tribunal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, which has been registered as O.A. No. 587 of 2019, wherein petitioner No. 1 herein has been arrayed as the respondent.
3.1 It further appears that petitioner No. 1 failed to file the written statement not only within the thirty days period of limitation, bu
New India Assurance Co. Ltd. v. Hilli Multipurpose Cold Storage(P) Ltd.
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.