Dismissed

Naiknavare Housing Developments Private Limited v. Jm Financial Asset Reconstruction Company Limited

DRT10 Jan 2024SA/82/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant's interlocutory application seeking permission to withdraw the securitisation application following an amicable settlement between the parties. The application was dismissed as withdrawn.

What did the court decide?

Permission granted to withdraw the Securitisation Application No.82 of 2023; the application dismissed as withdrawn with no order as to costs.

Naiknavare Housing Developments Private Limited versus Jm… — Company and Corporate | DRT (2024)

¶1

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

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(BEFORE HON’BLE PRESIDING OFFICER)

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Sr. No.25

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INTERLOCUTORY APPLICATION No.61 of 2024 In SECURITISATION APPLICATION NO.82 of 2023

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Naiknavre Housing Developments … Applicant Pvt. Ltd.

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Versus

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JM Financial Asset Reconstruction … Defendant Co. Ltd.

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Mr Tejaswini Kaudallu i/b M/s. Sagar Law Office – Advocates for the applicant.

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Mr Manaswi Agarwal – Advocate for defendant.

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Shri Deepak M. Thakkar Presiding Officer, 10^th January 2024.

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ORDER

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The parties have amicably settled the matter for Rs.120 crore out of which the applicant paid Rs.85 crores and the balance Rs.35 crores shall be paid on or before 31^st March 2024. Ms Kaudallu requests the Tribunal to grant permission to withdraw the Securitisation Application. Permission granted.

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By consent. Interlocutory Application No.61 of 2024 is allowed with no order as to costs.

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Sd/-

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(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai

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Radhika

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET

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10.01.2024 Sr. No.25

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		SA No.82 of 2023
classifi -cation	No. of Exh.	Naiknavare Housing Developments Pvt. Ltd. Vs. JM Financial ARC Ltd.
		Mr Tejaswini Kaudallu i/b M/s. Sagar Law Office – Advocates for the applicant. Mr Manaswi Agarwal – Advocate for defendant.
	19	1. The learned counsel for the applicant has presented I.A. No.61 of 2024 supported by affidavit (exhibit-19), which is taken on record. 2. Order in Interlocutory Application No.61 of 2024 passed separately. 3. In view of the order passed in I.A. No.61 of 2024, Securitisation Application No.82 of 2023 stands dismissed as withdrawn with no order as to costs. 4. All pending Interlocutory Application, if any, stands disposed of Sd/- Presiding Officer, DRT-2, Mumbai

¶20

Radhika

Naiknavare Housing Developments Private Limited v. Jm Financial Asset Reconstruction Company Limited

Case brief

What is this about?

What did the court decide?

Naiknavare Housing Developments Private Limited v. Jm Financial Asset Reconstruction Company Limited

Case brief

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What did the court decide?

What the court decided

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