M/s Arham Exim Pvt. Ltd. & Ors. v. Bank of Baroda

BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson

Appeal No. 194/2015

Between

M/s Arham Exim Pvt. Ltd. & Ors. … Appellant/s V/s.

Bank of Baroda

…Respondent/s

Mr Rajesh Nagory, i/b Ms Sanjana Ghogare, Advocate for Appellants.

Mr Anant B. Shinde, i/b M/s A. B. Shinde & Co, Advocate for Respondent Bank.

-: Order dated: 21/12/2022:-

After having heard both sides for some time, it is seen that the impugned order in the S.A. No. 30/2012 on the files of Debts Recovery Tribunal No. III, Mumbai was disposed of on the basis of certain admissions purportedly made by the Appellant.

1. The learned counsel for the Respondent Bank submits that as per sub-section 2 to Sec. 20 of the RDB Act, no appeal would lie from an order made by the Tribunal with the consent of the parties. The said provision would also be applicable to the Securitisation Applications and therefore, this appeal is not maintainable and has to be dismissed in limine.