Disposed

State Bank of India v. M/s Gold Prince

DRT27 Apr 2023APPEAL/10/2023

Case brief

AI extract

What is this about?

The Presiding Officer disposed of Appeal No.10 of 2023 by consent of the parties. The Tribunal set aside a previous order on 21st February 2023, allowed the appellant to produce evidence regarding the bank officer's authority to settle, and kept all contentions open for reconsideration.

What did the court decide?

Appeal disposed of. Appellant permitted to adduce evidence on officer's authority to settle; all contentions kept open.

State Bank of India versus M/s Gold Prince — Banking and Recovery | DRT (2023)

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

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(BEFORE HON’BLE PRESIDING OFFICER)

ORDER SHEET

27.04.2023

Sr. No.920

		Appeal No.10 of 2023
classifi -cation	No. of Exh.	State Bank of India Vs. M/s. Gold Prince & Ors.
		Mrs A.W. Barve – Advocate for the appellant. Mr Bhushan Walembe – Advocate for respondent nos.2 and 3. None for other respondents.
	7	1. The learned counsel for the appellant has presented minutes of the order (exhibit-7), which is taken on record. 2. The parties have arrived at a consensus to set aside the order dated 21^stFebruary 2023 and to re-hear the Interlocutory Application (exhibit-50 and 54). The appellant seeks an opportunity to produce the evidence to show that the bank officer has the authority to settle. The parties have agreed that all the contentions be kept open. Based on the minutes, the parties request the Tribunal to dispose of the Appeal and pending I.A’s. 3. By consent of the parties, the Appeal stands disposed of with no order as to costs. The Tribunal allows the appellant to adduce evidence of OTS and authority to settle. At the parties’ request, all contentions between the parties are kept open.

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Page 1 of 2

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4. Pending	I.A’s stands	disposed of with no order as to
costs.
		Sd/-
		Presiding Officer,
		DRT-2, Mumbai

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Nidhi

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Page 2 of 2

State Bank of India v. M/s Gold Prince

Case brief

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State Bank of India v. M/s Gold Prince

Case brief

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