Rn Traders and 2 Others v. M/s. Ugro Capital Ltd.
Case brief
What is this about?
The Debt Recovery Appellate Tribunal disposed of an appeal and waiver application as settled between the parties, dismissing them out of court with parties to bear their own costs.
What did the court decide?
Waiver application and appeal dismissed as settled out of the Tribunal; parties to bear own costs.
What the court decided
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 7th Day of April, 2026
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
IA 1404/2025 (Waiver) In AIR (SA) 1920 of 2025
(Arising out of IA 1827/2025 in SA 522/2025 on the file of DRT-III, Chennai)
Between
- RN Traders Rep. by its Partner, Rahul Baburaj, No. 139 Annai Nagar, Vadaperumbakkam, Chennai 600 060.
- Rahul Baburaj
- Megha Ashok Appellants 2 & 3 having address at New No.19/3 Old No.106, 1st floor, Godavari Street, Chinmay Nagar Stage 1, Virugambakkam, Chennai 600 092. ..…Appellants
And
M/s. Ugro Capital Ltd., Having its registered & Corporate Office at Equinox Business Park, Tower 3, 04th floor, LBS Road, Kuria (West) Mumbai 400 070.
Parties & counsel
- appellant
RN Traders Rep. by its Partner, Rahul Baburaj and Rahul Baburaj and Megha Ashok
- respondent
M/s. Ugro Capital Ltd.
Coram
G. Chandrasekharan
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 331090019202025
- Topic
- Banking and Recovery
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