Single-judge order allowing early hearing of an application for settlement in a debt recovery dispute between PNB Housing Finance Ltd. and IREO Pvt. Ltd..
Permission granted for early hearing; listed for 30.09.2022 for settlement or further proceedings.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Misc. Appeal No.56/2021 Arising out of S.A.No.75/2020 (DRT-II, Delhi)
PNB Housing Finance Ltd. Vs IREO Pvt. Ltd. & Ors.
20.09.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Sanjeev Singh, Ld. Counsel for appellant FI.
Mr. Sanjeev Bhandari along with Ms. Priyadarshni Verma Dewan, Ld. Counsel for respondents.
This matter has been taken up by me through Video Conferencing.
I.A. No. 602/2022
This is an application for early hearing of the matter which is fixed for 17.10.2022. Ld. Counsel for applicant/respondents submits that respondents are ready to settle the matter with the appellant FI. He further states that to show their bonafide the respondents are ready to deposit Rs.5.00 crores within 10 days.
Let, the applicant/respondents approach the appellant FI with a proposal for settlement.
List the matter for 30.09.2022 for settlement/further proceedings.
(CHAIRPERSON)
N
PNB Housing Finance Ltd.
IREO Pvt. Ltd.
Ors.
Brijesh Sethi
As recorded by the court registry
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