Debt Recovery Appellate Tribunal disposed of miscellaneous appeal involving Phoenix ARC and directed Department of Recovery Tribunal to adjudicate a substantially related appeal expeditiously.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr Justice Ashok Menon, Chairperson
Misc. Appeal No. 142/2023
Between
Shailesh S/o Shalikram Rangari … Appellant/s
V/s.
The Authorised Officer, Phoenix ARC Pvt. Ltd. …Respondent/s &Ors.
Mr Radhe Agrawal, Advocate for Appellant.
-: Order dated: 18/04/2024:-
Respondents Nos. 2 to 5 had sought time for reply.
The 1st Respondent has remained ex-parte.
There is already an order 05.12.2023 granting a stay on prima facie finding in favour of the Appellant. The appeal itself can be disposed of with a direction to the Debts Recovery Tribunal, Nagpur (D.R.T) to dispose of S.A. No. 154/2023 expeditiously.
Hence, Misc. Appeal is disposed of with a direction to Debts Recovery Tribunal, Nagpur (D.R.T) to dispose of S.A. No. 154/2023 as expeditiously as possible, untrammelled by whatever is observed in the earlier order of the DRT or the order of this Tribunal.
Contentions are kept open.
Sd/-
Chairperson
rm-1
1
1 provisions across 1 enactments
Shailesh S/o Shalikram Rangari
The Authorised Officer, Phoenix ARC Pvt. Ltd.
Ashok Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
