The DRT permitted the withdrawal of the Securitisation Application filed by the applicant against the respondent, noting the acceptance of the OTS proposal and discharging pending IAs.
Permitted withdrawal of Securitisation Application No. 109/2022 with all consequences.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
| 21. Sr. |
09.20 No.2 |
22 8 SA No.109/2022 |
|---|---|---|
| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.109/2022 | ||
| Patil Construction & Infrastructure Limited ..Applicant Versus STCI Finance Limited ..Respondent Mr. A. A. Yadkikar – Advocate for the applicant. Mr. S. R. Vakil – Advocate for the respondent. The matter is taken through Video Conference. 1. The learned counsel appearing for the applicant on instructions submits that his proposal of One Time Settlement has been accepted by the respondent-FI. 2. The learned counsel for the applicant wishes to withdraw the Securitisation Application. 3. In view of the statement made by the learned counsel for the applicant, I pass the following order through video conference: ORDER |
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| A. Securitisation Application No.109/2022 permitted to be withdrawn with all consequences. |
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| B. All pending IAs in the proceeding, if any are disposed of accordingly. C. Consign the file to the Record Room. |
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| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.109/2022) Page 1 of 1
Patil Construction & Infrastructure Limited
STCI Finance Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
