The Debts Recovery Tribunal allowed a plea to withdraw the Securitisation Application citing the commencement of moratorium under Section 96 of the IBC, 2016. The main application was subsequently dismissed as withdrawn.
Permission to withdraw Securitisation Application with liberty to file fresh application when cause of action arises.
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.20
INTERLOCUTORY APPLICATION No.843 of 2024 In
SECURITISATION APPLICATION NO.128 of 2024
Padma Sameer Pandya … Applicant
Versus Thane Janta Sahakari Bank Ltd. Nagpur … Defendant
Ms Dipti Shah – Advocate for the applicant.
None for defendant.
Shri Deepak M. Thakkar Presiding Officer, 18th April 2024.
ORDER
Page 1 of 3
interim moratorium continues. Accordingly, Interlocutory Application No.843 of 2024 is allowed with no order as to costs.
Sd/-
(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai
Nidhi
Page 2 of 3
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
ORDER SHEET
18.04.2024
Sr. No.20
| SA No.128 of 2024 | ||
|---|---|---|
| classifi- cation |
No. of Exh. |
Padma Sameer Pandya Vs. Thane Janata Sahakari Bak Ltd. Nagpur |
| Ms Dipti Shah – Advocate for the applicant. None for defendant. |
||
| 1. Order in I.A. No.843 of 2024 passed separately. 2. In view of the order passed in I.A. No.843 of 2024, |
||
| S.A. No.128 of 2024 stands dismissed as withdrawn with no order as to costs. |
||
| 3. Pending Interlocutory Applications, if any, stands disposed of. |
||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Nidhi
Page 3 of 3
1 issue framed by the court
Whether the Securitisation Application can be withdrawn due to the commencement of moratorium under Section 96 IBC, 2016.
1 provisions across 1 enactments
Padma Sameer Pandya
Deepak M. Thakkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
