Allowed

Vipin Aggarwal v. Indian Overseas Bank

DRT16 Mar 2023SA/118/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an interlocutory application seeking permission to withdraw a securitization application. The withdrawal was done by consent of the applicant and the defendant bank, which did not object to the plea of amicable settlement.

What did the court decide?

Interlocutory Application No. 564 of 2023 allowed; Securitization Application No. 118 of 2022 dismissed as withdrawn with no order as to costs.

Vipin Aggarwal versus Indian Overseas Bank — Banking and Recovery | DRT (2023)

¶1

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

¶2

(BEFORE HON’BLE PRESIDING OFFICER)

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Sr. No.17

¶4

INTERLOCUTORY APPLICATION No.564 of 2023

¶5

In SECURITISATION APPLICATION NO.118 of 2022

Mr. Vippin Aggarwal

… Applicant

Versus

Indian Overseas Bank & Ors. … Defendants

¶10

Mr Puneet Gogad – Advocate for the applicant.

¶11

Ms Kadambari Patil i/b Ms Vaishali Bhillare – Advocate for defendant no.1.

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Ms Chinmayee Ghag i/b M/s. Zastriya – Advocates for defendant nos.3 to 5.

¶13

None for other defendants.

¶14

Shri Deepak M. Thakkar Presiding Officer, 16^th March 2023.

¶15

ORDER

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The applicant has moved the application seeking permission to withdraw the Securitization Application stating that the matter has been amicably settled as set out in paragraph nos.2 to 4 of the application.

¶17

Ms Patil, representing the defendant bank, does not object the withdrawal of the Securitization Application.

¶18

Page 1 of 3

¶19

By consent, Interlocutory Application No.564 of 2023 is allowed with no order as to costs.

¶20

Sd/-

¶21

(Deepak M. Thakkar) Presiding Officer,

DRT-2, Mumbai

Nidhi

Page 2 of 3

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

¶26

(BEFORE HON’BLE PRESIDING OFFICER)

ORDER SHEET

16.03.2023

Sr. No.17

		SA No.118 of 2022
classifi -cation	No. of Exh.	Mr. Vippin Aggarwal Vs. Indian Overseas Bank & Ors.
		Mr Puneet Gogad – Advocate for the applicant. Ms Kadambari Patil i/b Ms Vaishali Bhillare – Advocate for defendant no.1. Ms Chinmayee Ghag i/b M/s. Zastriya – Advocates for defendant nos.3 to5. None for other defendants
		1. Order in I.A. No.564 of 2023 passed separately. 2. In view of the order passed in I.A. No.564 of 2023, Securitization Application No.118 of 2022 stands dismissed as withdrawn with no order to costs.
		Sd/- Presiding Officer, DRT-2, Mumbai

¶31

Nidhi

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Page 3 of 3

Vipin Aggarwal v. Indian Overseas Bank

Case brief

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Vipin Aggarwal v. Indian Overseas Bank

Case brief

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