Ms Sanghavi BuildTech LLP v. Punjab National Bank (Oriental Bank of Commerce)
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant's interlocutory application to withdraw the Securitisation Application following the defendant's withdrawal of action under the SARFAESI Act, closing the matter without a costs order.
What did the court decide?
Interlocutory Application No.2710 of 2023 allowed with no order as to costs; Securitisation Application No.331 of 2022 dismissed as withdrawn.