The Appellant sought permission to withdraw the appeal filed under RA No.53/2018. The Admission was granted, resulting in the dismissal of the appeal as withdrawn and closure of pending interim applications.
Permission granted to withdraw the appeal; appeal dismissed as withdrawn; pending IA proceedings closed as infructuous.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 24th of April, 2026
PRESENT: Hon’ble Mr. Justice G. Chandrasekharan CHAIRPERSON
RA (SA):53/2018
(OA 36/2006 on the file of DRT-I, Chennai)
BETWEEN
M/s. Phoenix ARC Private Limited (Trustee of Phoenix Trust FY 15-06) 5th Floor Dani Corporate Park, No.158, C.S.T Road, Kalina Santacruz (E) Mumbai 400098 Represented by its Authorised Signatory Mr Ajit Kewin.
…..Appellant
AND
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2
ORDER
When the matter is taken up, Learned Counsel for Appellant Institution seeks permission to withdraw this Appeal and filed a Memo to that effect.
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Permission is accorded. The Appeal in R.A:53/2018 is
dismissed as withdrawn. All pending IAs stands closed as
infructuous .
[Dictated to Athistamani, PS, transcribed by her, corrected and signed by me this 24th of April, 2026]
[Justice G. Chandrasekharan]
CHAIRPERSON
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M/s. Phoenix ARC Private Limited
Asset Reconstruction Company (India) Ltd
Kotak Mahindra Bank Ltd
Prithvi Asset Reconstruction and Securitization Company Limited
M/s. RSL INDUSTRIES LTD
Mr. S. RAMASAMY
G. Chandrasekharan
As recorded by the court registry
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