Secretariats in. Consent terms filed after full payment of 6.5 crores by appellant. The appeal and connected appeal disposed of on consent.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
I.A. 76/2023 In
Appeal on Diary No. 144/2023 Between
School Management Committee (SMC) of … Appellant/s “Mount Litera Zee School” (Soon to be changed for “Orchids the International School”)
V/s.
Nagpur NagarikSahakari Bank Ltd. &Anr. …Respondent/s
Mr Ismail Nasikwala, Advocate for Appellant.
Mr Sanjay Anabhawane, i/b M/s. M & S Legal Ventures, Advocate for Respondent No. 1.
Huzefa Nasikwala, Advocate for Respondent No. 2
-: Order dated: 25/05/2023:-
Consent terms have been filed by the parties consequent to payment of ₹6.5 crores in full and final settlement of the debt due to the Respondent Bank.
The parties are also present in person.
The terms of the settlement are recorded and the appeal is disposed of.
The connected appeal shall also be disposed of as and when it is taken up for hearing.
Sd/Chairperson
rm-10
1
School Management Committee (SMC) of Mount Litera Zee School
Nagpur Nagarik Sahakari Bank 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
