The Appellate Tribunal stayed proceedings to allow respondents to file a fresh settlement proposal for the case listed for final hearing.
Matter listed for 14.11.2022 for settlement, failing which for final hearing.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No. 32/2022 Arising out of S.A. No. 379/2019 (DRT, Jaipur)
Fullerton India Credit Co. Ltd. Vs
M/s Hotel Gems Plaza & Ors.
09.11.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Ms. Jaya Goyal, Ld. Counsel along with Mr. Ramandeep Singh, Authorized Officer for appellant.
Mr. Yashpal Garg, Ld. Counsel for respondents.
This matter has been taken up by me through Video Conferencing.
Ld. Counsel as well as the authorized officer of appellant FI submits that earlier settlement proposal given by the respondents has been declined by the higher authority of the FI due to very low settlement amount.
Ld. Counsel for respondents submits that respondents are ready to give a fresh settlement proposal to the appellant FI today itself.
Let fresh settlement proposal be given by the respondents today itself to the appellant FI with advance copy to the Ld. Counsel for appellant.
List this matter for 14.11.2022 for settlement, failing which for final hearing.
(CHAIRPERSON)
N
Fullerton India Credit Co. Ltd.
M/s Hotel Gems Plaza & Ors.
Brijesh Sethi
As recorded by the court registry
18 orders share this CNR
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