The application to set aside a stay in proceedings was withdrawn by the applicant after an amicable settlement was reached. The parties agreed to a sum of Rs. 52.14 lakhs. The application was disposed of without order as to costs.
Securitization Application No.169 of 2023 disposed of. No order as to costs.
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) ORDER SHEET
11.05.2023
Sr. No.15
| SA No.169 of 2023 | ||
|---|---|---|
| classifi -cation |
No. of Exh. |
Nasreen Azam Khan & Ors. Vs. L & T Finance Ltd. & Ors. |
| Mr Puneet Gogad i/b Mr Kushal Sawant – Advocate for the applicants. Mrs Nasreen Azam Khan – applicant no.1 in person. Mr Azam Abdul Aziz Khan – applicant no.2 in person. Mrs Uma S. Fadia – Advocate for defendant no.1. None for other defendants. |
||
| 1. Mr Gogad, representing the applicants, submits that the matter has been amicably settled for an amount of Rs.52.10 lakhs. He further submits that (i) a sum of Rs.6 lakhs was paid yesterday, that is, 10thMay 2023, (ii) 2nd installment of Rs.15 lakhs is due and payable on 25th June 2023, (iii) 3rdinstallment of Rs.15 lakhs is due and payable on 25thJuly 2023 and (iv) 4thinstallment of Rs.16.14 lakhs is due and payable on 25thAugust 2023. The parties amicable settled the matter for an amount of Rs.52.14 lakhs. In view of the settlement arrived between the parties, the applicants’ advocate on record, upon instructions, has made an endorsement and seeks permission to withdraw the Securitization Application. 2. Mrs Fadia does not object of the Securitization |
Page 1 of 2
Application. Hence, Securitization Application No.169
of 2023 stands disposed of with no order as to costs.
Sd/-
Presiding Officer,
DRT-2, Mumbai
Nidhi
Page 2 of 2
Nasreen Azam Khan & Ors.
L & T Finance Ltd. & Ors.
Nidhi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
