The Debt Recovery Appellate Tribunal permitted the withdrawal of an appeal filed by Hinduja Leyland Finance Ltd. against a DRT order, granting liberty to initiate SARFAESI measures afresh under the law.
Permission accorded for withdrawal of the appeal with liberty to initiate SARFAESI measures afresh permissible under law.
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 18th Day of August 2026
PRESENT; HON’BLE MR.JUSTICE G. CHANDRASEKHARAN CHAIRPERSON
RA (SA) 70/2025
(Arising out of S.A.No.841/2024 On the file of DRT-I, Ernakulam)
Between
… Appellants
And
1
Counsel for the appellants : M/s. V.P. Parivallal
Counsel for the respondents 1-8 :M/s. Peer Mohamed Khan Associates
ORDER
A memo is filed by the appellants seeking permission for withdrawal of this appeal with liberty to take SARFAESI measures afresh as per the directions of the DRT-I, Ernakulam in SA 841/2024.
2
withdrawal of this appeal with liberty to initiate SARFAESI Measures afresh permissible under Law.
bear their own costs. Pending IAs, if any, shall stand closed.
Sd/-
[Justice G. Chandrasekharan] CHAIRPERSON
3
The Hinduja Leyland Finance Ltd., Represented by its Branch Manager
The Authorized Officer, Hinduja Leyland Finance ltd
M/s. Sanjeevani Life Care Village
Prasanna Raghunath
Pranav Nair
Priyanka Nair
G. Chandrasekharan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
