Drat Madras Court November 2003 Judgments

The Catholic Syrian Bank Ltd. Vs. P.P. Paulose and ors.

Court: DRAT Madras

Reported in: II(2004)BC174

1. Order was passed by the PO, DRT, Ernakulam on 13.3.2001 and the Original Application (OA) was decreed. Aggrieved against the Order passed in the OA the defendants preferred appeal before this Appellate Tribunal in appeal URA-31/2001 challenging the Order dated 13.3.2001 passed by the PO. DRT, Ernakulam. In that appeal, Order was passed under Section 21 of the RDDB & FI Act, 1993, directing the defendants to deposit Rs. 2 crores on or before 15.5.2002 failing which the appeal shall stand rejected. The defendants took the matter in CRP No.1032/2002 before the High Court of Madras and the CRP was dismissed holding that the discretionary jurisdiction exercised by the Appellate Tribunal is not liable to be interfered with. The defendants again took the matter on the Order passed by the High Court to the Hon'ble Supreme Court in Special Leave Petitions SLP (C) Nos. 649/2003 and 650/2003 and the SLPs were dismissed. As it is, the Order passed by this Appellate Tribunal under Section 2...