The Tribunal closed the suo moto proceedings citing a High Court order denying the Tribunal suo moto powers. The matter was not disposed of on merits.
Suo moto proceedings closed.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
SUO MOTO No.01/2021
Misc. Appeal No.73/2020
In
Arising out of S.A.No.58/2020(DRT-I, Delhi)
M/s M.Sons Gems N. Jewellary Pvt. Ltd. & Others Vs ASREC India Limited & Another
24.11.2022 Hon’ble Mr. Justice Brijesh Sethi
Present : Mr. H. Nabi, Ld. Counsel for appellant.
Mr. R.P. Aggarwal, Ld. Counsel for respondent FI.
This matter has been taken up by me through Video conferencing.
Ld. Counsel for the parties have stated that in view of the judgment of Hon’ble High Court passed on 18.09.2018 in Padam Singhee & Anr. Vs. M/s SVOGL Oil, Gas and Energy Ltd. & Ors., W.P(C) No. 9616/2018,it has been held that this Tribunal has no suo moto powers.
In view of the above, the present proceedings, therefore, cannot continue and the same are accordingly closed.
File be consigned to record.
( CHAIRPERSON )
N
Colour shows how this judgement treated each authority
Padam Singhee & Anr. Vs. M/s SVOGL Oil, Gas and Energy Ltd. & Ors., W.P(C) No. 9616/2018Referred¶11
M.Sons Gems N. Jewellary Pvt. Ltd. & Others
ASREC India Limited & Another
Brijesh Sethi
As recorded by the court registry
7 orders share this CNR
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