The Tribunal noted the non-filing of a reply by the Respondent to an application for waiver of pre-deposit. It granted time for hearing on the application pending settlement negotiations.
Admitted application for waiver of pre-deposit adjourned till 05/07/2022 citing pending settlement negotiations.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT : MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
I.A. No. 100/2022 (WoD)
in Misc Appeal No. 34/2022
Between
Salem Rafiq Sarang & Ors. … Appellant/s V/s. India Resurgence ARC Pvt. Ltd. …Respondent/s
Mr. Sahim Ansari, Advocate for Appellants.
Mr. Rupak Sawangikar along, i/b M/s. V. Deshpande & Co. Advocate for Respondent.
-: Order dated : 06/06/2022 :-
As per order dated 26.04.2022, the reply was to be filed within two weeks. However, till today no reply is filed by Respondent to I.A. No. 100/2022 i.e. application for waiver of pre-deposit. Hence, it is presumed that Respondent has no reply.
Learned counsel appearing for Appellants seeks time for hearing the I.A. (WoD) by stating that there is a fair chance of settlement for which negotiations are going on.
Post on 05.07.2022 hearing on I.A. (WoD).
Sd/Chairperson
dpj-4
1
Salem Rafiq Sarang & Ors.
India Resurgence ARC Pvt. Ltd.
Ashok Menon
As recorded by the court registry
3 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
