Dismissed

Bank of Baroda v. Ritu

DRT9 Dec 2022OA/579/2022

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal disposed of an application filed by Bank of Baroda against Ritu Chhabria. The court stayed the proceedings because personal insolvency proceedings had been initiated against the only contesting defendant, invoking moratorium provisions of the IBC, 2016. The applicant was granted liberty to revive the application when required.

What did the court decide?

Application dismissed with liberty to revive; file closed and confined to record room.

Bank of Baroda versus Ritu — Insolvency and Bankruptcy | DRT (2022)

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09/12/2022	Ex. No.	Before Presiding Officer Dr. Rekha G. Dhakar, DRT-1, Mumbai. *Roznama in OA 579 of 2022* *Bank of Baroda Vs Ritu Chhabria*	Next date
		Advocate Aditya Sangozam i/b S.K. Singhi & Co. LLP appeared for the applicant. Advocate Namrata Sawant i/b Advocate Priya appeared for the respondent no.27. By way of the Purshis the applicant has informed that proceeding of personal insolvency has been initiated for the defendant no. 1 and defendant no.1 is the only contesting defendant in the present matter. Therefore, he submits that matter may be stayed. Looking to the facts that the personal insolvency proceeding has been initiated qua the defendant no.1 and defendant no.1 is the only contesting defendant in the present matter. Therefore, in terms of Section 95 to 100 of the IBC, 2016 moratorium is applicable on the present proceeding and thus there is no substance to continue the present OA, hence, the same is hereby disposed off with liberty to the applicant to revive the same as and when

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required. File be closed and confined to record room. Sd/P.O. DRT-I

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Sgj/-15

Bank of Baroda v. Ritu

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Ritu

Case brief

What is this about?

What did the court decide?

What the court decided

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Statutes considered

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