Trident Impex and Ors. v. Kotak Mahindra Bank Limited
Case brief
What is this about?
The appellant withdrew the appeal after the High Court directed the D.R.T. to expedite disposal of pending matters. The Debt Recovery Appellate Tribunal permitted the withdrawal and dismissed interim applications as infructuous.
What did the court decide?
Appeal withdrawn; incurred relief permitted; interim applications dismissed as infructuous.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
Appeal on Diary No. 1085/2022 M/s Trident Impex & Ors. … Appellant/s V/s.
Kotak Mahindra Bank Ltd. …Respondent/s
Ms Hemali Kurne, i/b M/s Nedumpara & Nedumpara, Advocate for Appellants.
Mr Raju Shinde along with Ms Salvi Laxman, Advocate for Respondent Bank.
-: Order dated: 18/01/2023:-
The matter is taken up for hearing by way of a praecipe dated 17.01.2023 filed by the Appellants for seeking urgent relief.
The Ld. Counsel appearing for the Appellants seeks to withdraw the appeal stating that a direction has been given by the Hon’ble High Court to the D.R.T. to dispose of the matter pending before the D.R.T.-II, Mumbai expeditiously. Hence, the appeal is permitted to be withdrawn as sought.
The appeal is disposed of permitting the Appellants to pursue their remedy before D.R.T.
Interim Applications, if any, are dismissed as infructuous.
Parties & counsel
- appellant
M/s Trident Impex & Ors.
- respondent
Kotak Mahindra Bank Ltd.
Coram
Ashok Menon
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · January
- CNR
- 271090010852022
- Topic
- Banking and Recovery
All orders in this case
2 orders share this CNR
- Order 1 · Ashok Menon
- Order 2 — this page · Ashok Menon
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