Vira Properties (Madras) Pvt Limited vs Baba Enterprises on 14 March, 2012
(iv) Subsequently, another Division Bench of this Court in the decision in CANARA BANK, ASSET RECOVERY MANAGEMENT BRANCH V. COROMANDEL INDAG PRODUCTS AND OTHERS (MANU/TN/9196/2007), held that the Debt Recovery Tribunal was competent to extend the period for depositing the amount, since on the facts of the case, time was not being the essence of the compromise decree.