Upon filing of consent terms following full payment of 6.5 crores, the Tribunal recorded the settlement and disposed of the appeal.
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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 of Mount Litera Zee School
Nagpur Nagarik Sahakari Bank Ltd.
Ashok Menon
As recorded by the court registry
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