The Debts Recovery Tribunal disposed of the Securitisation Application by consent between parties as infructuous, keeping all issues open with no order as to costs.
Disposal of Securitisation Application as infructuous by consent, keeping all issues between parties open.
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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET
13.10.2023
Sr. No.50
| SA No.362 of 2023 | ||
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| classifi -cation |
No. of Exh. |
Tagus Engineering Pvt. Ltd. Vs. Phoenix ARC Pvt. Ltd. |
| Mr G.R. Kinkhabwala – Advocate for the applicant. Mr Charles De Souza – Advocate for defendant. |
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| 1. Mr Kinkhabwala drew the Tribunal’s attention to the order dated 4thOctober 2023 whereby his statement was recorded about the failure of the auction based on which the Interlocutory Application was disposed of as |
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| infructuous. Mr Kinkhabwala submits that the |
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| Securitisation Application in its present form has become infructuous and grant liberty to file fresh keeping all the issues between the parties open. 2. Mr De Souza also concedes to the fact that all the issues between the parties open subject to the applicable law. By consent of the parties, Securitisation Application No.362 of 2023 stands disposed of as infructuous with no order as to costs. All the issues between the parties kept open. 3. All pending Interlocutory Applications stands disposed of. Sd/- Presiding Officer, DRT-2, Mumbai |
Radhika
Tagus Engineering Pvt. Ltd.
Presiding Officer
As recorded by the court registry
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