Dismissed
Mr Yunus Mihammad Shaikh v. Profectus Capital Private Ltd. and Ors.
DRTSA/3/2024
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal permitted the applicant to withdraw the Securitisation Application because the secured creditor took physical possession, rendering the application infructuous. Consequently, the Tribunal dismissed the main Securitisation Application as infructuous.
What did the court decide?
Permission granted to withdraw the Securitisation Application; the main application dismissed as infructuous with no order as to costs.