Cfm Asset Reconstruction Private Limited Thr. Authorized Repre. Sapana Desai v. M/S. Laxmi Construction Company a Partnership Firm
Case brief
What is this about?
Keywords: Securitisation Application No.71 of 2022; Securitisation Application No.72/2022; Debts Recovery Tribunal (DRT), Mumbai; DRT-II Mumbai; Presiding Officer; DRAT; pending Appeal; expeditious disposal; six months from 14th July 2025; Writ Petition No.6851 of 2025; Reeta Estate Private Limited; CFM Asset Reconstruction Private Limited; M/s. Laxmi Construction Company; Bombay High Court; Writ Petition No. 11778 of 2025; direction to DRT to decide securitisation application within time frame; no order as to costs; appeal before DRAT to be decided on own merits.
What did the court decide?
Direction to the DRT, Mumbai to decide Securitisation Application No.71 of 2022 within six months from 14th July 2025 (same time frame as Securitisation Application No.72 of 2022); Advocates for Petitioner to serve notice of the Order on the DRT; no order as to costs; pending Appeal before the DRAT to be decided on its own merits.