Disposed

soni soya products Pvt. Ltd. v. Samunnati financial inetrmediation and service

DRT1 May 2023SA/376/2023

Case brief

AI extract

What is this about?

The judge disposed of a small claims action (SA) as withdrawn after the respondent filed counsel provided an undertaking to withdraw SARFAESI action and filed no future applications. The applicant was granted liberty to approach the court again if necessary.

What did the court decide?

Liberty granted to file a fresh application whenever occasion arises.

DATE	DESCRIPTIONOFTHE ORDER	RETyIARK
sA37612 0U05123	ShriRajesh Mandiretta,Adv^withShriUdit MandirettaandShriHarpreetSingh^Virk,Adv fortheApplicants ShriAlokMishra,Advfor^{the Respondent} l.Matteristakenupfor^{hearingoninterim} applications pendingfbrconsidcration^.i.e.,IA No.1655i23dated21104123application^for amendment,IANo.1735123^{dated25104123} applicationforappropriate^direction,IA No.1736/23dated25104/23^{applicationfor} deletingthenameof^{Applicant No.4andIA} No.l658/23dated^{21104123applicationfor} stayofauction.
	2.Onmatterbeing taken^l{espondent Counselby^{placingletterdated26104123} issuedtoApplicant No.4^{submitsthatsinceon} requestofmortgagor^{aswellas guarantorof} theproperly^{proposedfbrauctionscheduled} on13104123the^{RespondentF.lbyobtaining} entireconsiderationamount^Rs.52Lachas cancelledtheauction therefore^thereisno needtohearir-rgon above^{interimapplications.} 3.Respondent Counselfurthersubmits^that asper instructionofthe^{RespondentF.lheis} statingbeforetheBenchthatthe^Respondent Ir.llikely towithdrarvallthesarfaesi^actions fiomveryinceptionissuingdemand^notice dated30/05/22andfurther action^inpursuant todemandnoticedated 30/05/22^withinl5 days. 4.Respondent Counselfurthersubmits^that secured assethasalready^{beenreleasedin}

DATE

DESCRIPTIONOFTHE ORDER

RETyIARK

sA37612
0U05123

ShriRajesh Mandiretta,Adv^withShriUdit
MandirettaandShriHarpreetSingh^Virk,Adv
fortheApplicants
ShriAlokMishra,Advfor^{the Respondent}
l.Matteristakenupfor^{hearingoninterim}
applications pendingfbrconsidcration^.i.e.,IA
No.1655i23dated21104123application^for
amendment,IANo.1735123^{dated25104123}
applicationforappropriate^direction,IA
No.1736/23dated25104/23^{applicationfor}
deletingthenameof^{Applicant No.4andIA}
No.l658/23dated^{21104123applicationfor}
stayofauction.

2.Onmatterbeing taken^l{espondent
Counselby^{placingletterdated26104123}
issuedtoApplicant No.4^{submitsthatsinceon}
requestofmortgagor^{aswellas guarantorof}
theproperly^{proposedfbrauctionscheduled}
on13104123the^{RespondentF.lbyobtaining}
entireconsiderationamount^Rs.52Lachas
cancelledtheauction therefore^thereisno
needtohearir-rgon above^{interimapplications.}
3.Respondent Counselfurthersubmits^that
asper instructionofthe^{RespondentF.lheis}
statingbeforetheBenchthatthe^Respondent
Ir.llikely towithdrarvallthesarfaesi^actions
fiomveryinceptionissuingdemand^notice
dated30/05/22andfurther action^inpursuant
todemandnoticedated 30/05/22^withinl5
days.
4.Respondent Counselfurthersubmits^that
secured assethasalready^{beenreleasedin}

DATE

DESCRIPTION OF THE ORDER

REMARK

[avourofApplicantNo.4thereforeⁱⁿ
lheRespondentF.lshall not^takeany
underthe sarfaesi act^{sincenosecurity'}
remainslbrany inrmovable^propert)'.
future
action
interest
5.ApplicantCounsel submits^thatnowthe
RespondentF.lmaybe^{restrainecltoinitiate}
an1'action regardingthisloan^{accountagainst}
theApplicants.
6.InreplyRespondentCounsel^{submits that}
actionunderthesarfaesiact^{shalltlotbe taken}
horveverRespondentF.l isll'seto^filc
recoveryproceedingas^{per RDBActif}
amountremains.
7.Atthispoint oftir.neno^{necdtocomment}
on therequestofthe^{Respondent sidehowever}
itismadeclearthatsince^aspergiven
undertakingdemandnoticedated^30105122is
being withdrawnnoapprehension^toinitiatc
anysarfaesiactiol-lretlains^againstthe
Applicants.

8.Withthis
applicationsarc
infrustous.
observation,,on
beingdisposccl
above
o1'as
9.ApplicantCounsel^{furlhersubnritsthaton}
givenunderlakingb-vthe^{RespondentCounsel}
norvthereisnoneedttl^{prosccutethis}
howeverpraysfbrliberty^tolrlealiesh
futureifoccasionarises.
SA
in
10. Asprayed,libcrtY^isgranted

DATE

DESCRIPTIONOFTHE ORDER

REMARK

11.OnsubmissionoftheApplicantCounsel,
thisSAisbeingdisposedofaswithdrawn
withliberrytofileafresh wheneveroccasion
arisesanditisalsomadeclearthatdelense
takenthroughthis SAshall also beremains
openforfuture.

12.Recordbeconsignedtothe rccord room
(RamNi
asPatel)
PresidinsOff-rcer
D.R.T,Jabalpur
(M.P&C.G)

soni soya products Pvt. Ltd. v. Samunnati financial inetrmediation and service

Case brief

What is this about?

What did the court decide?

soni soya products Pvt. Ltd. v. Samunnati financial inetrmediation and service

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

Similar cases

Rambhajan Patel versus Equitas Small Finance Bank Limited

Arpit Gagrani versus Iifl Home Finance Limited

Ms Thakur Tractos and Equipments versus Union Bank of India

Smt Rashmi Goyal versus Au Small Finance Bank Limited

Suraj Kumar Sahu versus Cent Bank Home Finance Ltd.

Ms Central Academy International School versus Varthana Finance Private Limited