The Debts Recovery Appellate Tribunal disposed of the appeal based on a settlement agreement submitted by the parties wherein the respondents agreed to pay interest to the appellant bank.
The appeal was disposed of on the basis of terms agreed upon by the parties.
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 Misc. Appeal No. 46/2023
Between
Phoenix ARC Pvt. Ltd.
… Appellant/s
V/s.
Shankarrao Bajirao Shelke & Ors. Mr Charles De’Souza, Advocate for Appellant. An Advocate for the Respondent is present.
…Respondent/s
The Ld. Counsel appearing for the parties has agreed to settle the matter, on conditions that the Respondent auction purchasers pay a certain interest to the Appellant Bank. The parties agreed to put the terms in writing and submitted before the court so that the Appeal could be disposed of on the basis of the terms.
Post on 07.08.2023 for hearing.
psa-11
Sd/Chairperson
1
1 issue framed by the court
Whether the dispute between the appellant and respondents can be resolved through a settlement agreement involving auction purchasers paying interest to the appellant bank.
Phoenix ARC Pvt. Ltd.
Shankarrao Bajirao Shelke & Ors.
Ashok Menon
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
