The Tribunal disposed of the Securitisation Application without costs based on the statement of counsel that the secured creditor withdrew the notice and would restore possession. Related interlocutory applications were also disposed of.
Disposed of the Securitisation Application without costs; disposed of all pending interlocutory applications.
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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET
09.09.2022
Sr. No.902
| SA No.115 of 2022 | ||
|---|---|---|
| 1lassify- cation |
No. of Exh. |
Shattaf Construction Company Pvt. Ltd. Vs. India Infoline Finance Limited & Ors. |
| Ms Pooja Khonat i/b M/s. Atham Legal – Advocates for the applicant. Mr Rajesh Nagori i/b M/s. Cyril Amarchand Mangaldas – Advocate for defendant no.1. None for other defendants. |
||
| 1. On 28thApril 2022, the Tribunal passed an ad-interim order injuncting the secured creditor from taking any coercive steps. Based on the prima facie view, Mr Nagori submits that the secured creditor has withdrawn the 13(2) notice and shall issue fresh 13(2) notice as per the Rules. Mr Nagori further submits that the symbolic possession will be restored within reasonable time. 2. In view of the statement made by Mr Nagori, nothing survives in the present Securitisation Application and therefore, it stands disposed of with no order as to costs. 3. All pending Interlocutory Applications stands disposed of. Sd/- Presiding Officer, D.R.T.No.2, Mumbai |
Radhika
Shattaf Construction Company Pvt. Ltd.
India Infoline Finance Limited
Presiding Officer, D.R.T. No.2, Mumbai
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
