LAWS(MAD)-2011-4-133

E PRABAKARAN Vs. LAKSHMI VILAS BANK LIMITED

Decided On April 11, 2011
E.PRABAKARAN Appellant
V/S
LAKSHMI VILAS BANK LIMITED Respondents

JUDGEMENT

(1.) The Petitioners have filed the present Civil Revision Petition as against the order dated 05.03.2004 in M.A. No. 34 of 2004 in I.A. No. 30 2001 in T.A. No. 2234 of 2002 (O.A. No. 691 of 1999) passed by the Debts Recovery Appellate Tribunal, Chennai.

(2.) The Debts Recovery Appellate Tribunal, Chennai, while passing orders in M.A. No. 34 of 2004 on 05.03.2004, has, among other things, observed, in paragraph 6, as follows:

(3.) The Learned Senior Counsel for the Revision Petitioners submits that the order of the Debts Recovery Appellate Tribunal dated 05.03.2004 in M.A. No. 34 of 2004 in I.A. No. 30 of 2001 in T.A. No. 2234 of 2002 (O.A. No. 691 of 1999) is against law and further that the said Tribunal has failed to exercise its jurisdiction in a proper manner resulting in material irregularity and illegality.