The Appeals R.A(S.A) 15-18/2023 were allowed. Impugned orders in Securitisation Applications SA 11/2022 and SA 14/2022 were set aside, resulting in the dismissal of those applications. Parties bear their own costs.
Appeals allowed; Impugned orders set aside; Securitisation Applications dismissed; Each party to bear own costs.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):18/2023
Palanisamy V/S Axis Formulations
24/11/2023
Order pronounced (vide separate Common Order) in open court. The Appeals R A (SA) 15/2023, RA (SA) 16/2023, RA (SA) 17/2023 and RA (SA) 18/2023 are allowed. Impugned Orders in Securitisation Applications SA 11/2022 and SA 14/2022 dated 18.03.2023 are set aside. Consequently, Securitisation Applications SA 11/2022 and SA 14/2022 are dismissed. Both parties shall bear their own costs. All pending IAs, if any, sand closed.
Sd/-
Chairperson
Palanisamy
Axis Formulations
Chairperson
As recorded by the court registry
13 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
