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Judgment
The Debt Recovery Appellate Tribunal, Chennai,
dismissed the appeal filed the writ petitioners in this writ
petition, on the ground that they failed to deposit the pre-
deposit amount of Rs. 30,00,000/- (Rupees thirty lakh) only
within four weeks.
Mr D R Ravishankar, learned advocate for the writ
petitioners, submits that the pre-deposit amount of Rs. 30,00,000/- (Rupees thirty lakh) only has, already, been
deposited before the appellate tribunal.
Mr Ashok Kumar R, learned advocate for the first
respondent and Mr Kaleemulla Shariff, learned advocate
for the respondent Nos 2 and 3, jointly, submit that in view
of the fact that the pre-deposit amount has, already, been
deposited, the appellate tribunal may be requested to
reconsider the appeal on merit.
By consent, the order dated December 28, 2016,
passed by the Debt Recovery Appellate Tribunal, Chennai,
in AIR (SA) 212 of 2016, is set aside. We request the
appellate tribunal to consider the appeal on merit, as
expeditiously as possible.
The writ petition is allowed.
There will be no order as to costs.