The Debt Recovery Tribunal disposed of a Securitization Application and pending Interim Applications as infructuous based on consent terms and an Affidavit submitted by the applicant and secured creditor, with no order as to costs.
S.A. 251 of 2023 and all pending I.A.s disposed of as infructuous with 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
12.10.2023 Sr. No.914
SA No.251 of 2023
| classifi -cation |
No. of Exh. |
Mr Arun Agarwal & Anr. Vs. Asset Care and Reconstruction Enterprise Ltd. & Ors. |
|---|---|---|
| Mr Anshul Anjarlekar i/b M/s. Raval-Shah & Co. – Advocates for the applicant. Mr Charles De Souza and Mr Mayank Samuel i/b M/s. Sirius Legal – Advocates for defendant no.1. Mr Nitin Thakker, Senior Counsel i/b Mr Saurabh Nikalji – Advocates for defendant no.3. None for other defendants. |
||
| 1. The parties in Securitization Application No.232 of | ||
| 2023 filed the consent terms and affidavit-cum- undertaking. Based on consent terms, the secured creditor has handed over the original NOC in the present Securitization Application relating to Flat No.C- 2301 in Kanakia Levels. Based on the NOC issued by the secured creditor’s counsel, Mr Anjarlekar, representing the applicant, requests the Tribunal to dispose of the Securitization Application as infructuous. By consent, Securitization Application No.251 of 2023 stands disposed of as infructuous with no order as to costs. 2. All pending IAs stands disposed of with no order as to costs. |
||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Nidhi
Mr Arun Agarwal & Anr.
Asset Care and Reconstruction Enterprise Ltd. & Ors.
Presiding Officer
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
