The Debts Recovery Tribunal allowed an interlocutory application to withdraw Securitization Application No.16 of 2022 as the applicant had amicable settlement with the secured creditor by paying Rs.60.25 lakhs in full and final satisfaction.
Permission granted to withdraw the Securitization Application; the application subsequently dismissed as withdrawn.
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 No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
Sr. No.12
INTERLOCUTORY APPLICATION No.1312 of 2023 In SECURITISATION APPLICATION NO.16 of 2022
Mr. Nilesh Nandakishor Gawade … Applicant
Versus
Bank of Baroda & Ors. … Defendants
Mr Alok Mishra – Advocate for the applicant.
None for the defendants.
Shri Deepak M. Thakkar Presiding Officer, 19th June 2023.
ORDER
Sd/-
(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai
Manali
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET
19.06.2023 Sr. No.12
| SA No.16 of 2022 | ||
|---|---|---|
| Classif ication |
No. of Exh. |
Mr. Nilesh Nandakishor Gawade Vs. Bank of Baroda & Ors. |
| Mr Alok Mishra - Advocate for the applicant. None for the defendants. |
||
| 1. Order in I.A. No.1312 of 2023 passed separately. 2. In view of the order passed in I.A. No.1312 of 2023, |
||
| Securitization Application No.16 of 2022 stands | ||
| dismissed as withdrawn with no order as to costs. | ||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Manali
1 issue framed by the court
Whether the Debts Recovery Tribunal should grant permission to the applicant to withdraw the Securitization Application upon payment of the claim in full.
Mr. Nilesh Nandakishor Gawade
Bank of Baroda
Deepak M. Thakkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
