The Debt Recovery Appellate Tribunal allowed the appellants to withdraw the present appeal because a settlement had been reached with the fifth respondent during its pendency. Powers were exercised to dismiss the appeal as withdrawn.
Permission to withdraw the appeal granted; appeal dismissed as withdrawn.
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.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 16th day of April 2025
PRESENT : HON’BLE MR. JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
MA 112/2017
(Arising out of I.A.369/2016 in O.A.No.133/2016 on the file of DRT-II, Chennai)
Between
1
Chennai - 41 .
2
3
4
Rajiv Gandhi Salai, Kottivakkam,
Chennai - 41.
5
… Appellants
6
And
…Respondents
Counsel for Appellant : Mr. S. Vignesh Counsel for Respondent 1 : Mr. Rajendran Raghavan Counsel for Respondent 5 : Mr. P. Raj Kumar Jhabakh
(Respondents R2 to R4 are Given Up)
7
ORDER
Ld. Counsel for appellant and R5 are present. Ld. Counsel for R1 is present in VC.
When the matter is taken up, Ld. Counsel for appellant submitted that during the pendency of this appeal, settlement has been reached with fifth respondent, therefore, appellant is not willing to prosecute this appeal and seeks permission to withdraw this appeal. Ld. Counsel made an endorsement to that effect in the Appeal Memo. Permission is accorded.
Ld. Counsel for fifth respondent endorsed the submission of the appellant.
In view of the submission of Ld. Counsel appearing for parties and the endorsement made by Ld. Counsel for the appellant, this Appeal MA 112/2017 is dismissed as withdrawn.
Parties are directed to bear their own costs.
Pending IAs, if any, stand closed.
Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON
8
M/s. Marg Ltd. (with 35 other Appellants)
Indian Bank
Odisha Bank of Commerce
M/s. Allahabad Bank Industrial Finance Branch
M/s. Edelweiss Asset Reconstruction Company Itd
G. Chandrasekharan
As recorded by the court registry
14 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
