A Single Appeal regarding SARFAESI action was dismissed due to withdrawal by the applicant after an out-of-court settlement was reached.
Application dismissed as withdrawn.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/88/2024 M/S BABA BOY Vs
AUTHORISED OFFICER HERO FINCORP LIMITED
29.08.2024 Item No.38
Present: Sh.Sahil Thakur & Sh.Karan Dev, Counsel for the Applicant (on VC).
Sh.Deepak Jain, Counsel for respondent bank (on vc)
Mr.Karan Dev states that at this stage, he does not want to pursue the present SA as there has been OTS between the parties. However, Mr.Jain counsel for the respondent bank states that in case the applicant fails to honour his commitment as mentioned in the OTS, respondent bank would be free to initiate the SARFAESI action. Accordingly, the application is hereby dismissed as withdrawn .
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
M/S BABA BOY
AUTHORISED OFFICER HERO FINCORP LIMITED
A S Narang
As recorded by the court registry
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