The Debts Recovery Tribunal dismissed Securitisation Application No. 10 of 2023 filed by Hindustan Mikars Paper Pvt. Ltd. against Phoenix ARC Ltd. for want of prosecution due to the applicant's non-attendance.
Proceedings are closed with dismissal for want of prosecution and no order as to costs.
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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET
03.05.2024 Sr. No.20
| SA No.10 of 2023 | ||
|---|---|---|
| classifi -cation |
No. of Exh. |
Hindustan Mikars Paper Pvt. Ltd. Vs. Phoenix ARC Ltd. |
| None for the applicant. | ||
| Ms Dimple Tejani i/b M/s. M & S Legal Ventures – Advocates for defendant. |
||
| 1. Ms Tejani, representing the secured creditor, submits that the authorized officer sold the secured asset under the SARFAESI Act. Be that as it may, the order-sheet maintained by the learned Registrar shows that the applicant stopped attending the case since 27thApril 2023 and therefore, the matter is listed under caption ‘dismissal’. Even today, no representation is made by the applicant either personally or through the advocate. It appears that the applicant is not interested in prosecuting the case any further. Hence, Securitisation Application No.10 of 2023 stands dismissed for want of prosecution with no order as to costs. 2. Pending Interlocutory Applications, if any, stand disposed of. Sd/- Presiding Officer, DRT-2, Mumbai |
Radhika
Hindustan Mikars Paper Pvt. Ltd.
Phoenix ARC Ltd.
Presiding Officer
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
