The Tribunal allowed the withdrawal of Original Application No.522 of 2023 after the parties amicably settled the debt for Rs. 3.50 crores. Permission was granted to withdraw the application, and an order was passed refunding the court fees.
Permission granted to withdraw the Original Application; court fees to be refunded.
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)
Sr. No.33
INTERLOCUTORY APPLICATION No.2602 of 2023
In ORIGINAL APPLICATION NO.522 of 2023
Kotak Mahindra Bank Ltd. … Applicant
Versus
Padmavati Enterprise Shah … Defendant
Mr Raju Shinde – Advocate for the applicant. None for defendant.
Shri Deepak M. Thakkar Presiding Officer, 1st April 2024.
ORDER
Sd/-
(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai
Radhika
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET
01.04.2024 Sr. No.33
| OA No.522 of 2023 | ||
|---|---|---|
| classifi -cation |
No. of Exh. |
Kotak Mahindra Bank Ltd. Vs. Padmavati Enterprises Shah |
| Mr Raju Shinde – Advocate for the applicant. None for defendant. |
||
| 1. Order in Interlocutory Application No.2602 of 2023 passed separately. 2. In view of the order passed in Interlocutory Application No.2602 of 2023, Original Application No.522 of 2023 stands dismissed as withdrawn with no order as to costs. 3. The learned Registrar is directed to refund the court fees as per the Rules. |
||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Radhika
2 issues framed by the court
Whether the Tribunal should grant permission to withdraw the Original Application after an amicable settlement.
Whether court fees should be refunded to the applicant following the withdrawal of the application.
Kotak Mahindra Bank Ltd.
Padmavati Enterprise Shah
Deepak M. Thakkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
