Dismissed
Yes Bank v. Nagesh Textile
DRTOA/291/2022
Case brief
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What is this about?
The Delhi National Corporate Court dismissed O.A. No.291 of 2022 for want of prosecution. No instructions were received from the assigned creditor, ACRE, despite counsel's email dated 04.03.2025.
What the court decided
AI extract
¶1
| 11.03.2025 | Exh. | Roznama-MDRT-II O.A. No.291 of 2022 |
Next date |
|---|---|---|---|
| Ms Aparna Jagtap, Advocate for the Applicants. None for Defendants. |
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| nrb - 59 | 10 | Counsel for the Applicant filed pursis (exhibit-10) indicating that the debt of Yes Bank Ltd. was assigned to J.C. Flower Asset Reconstruction Pvt. Ltd. and thereafter was assigned to Asset Care Reconstruction Enterprises (ACRE) and submitted that they have already sent an e-mail dated 04.03.2025 to ACRE but still there are no instructions. There is no one appearing on behalf of ACRE. It seems ACRE is not interested in prosecuting the case any further. Hence, O.A. No.291 of 2022 stands dismissed for want of prosecution. File be consigned to the Record Room after due compliance. Sd/- P.O. DRT-II |
Closed |
Parties & counsel
AI extract
- applicant
Applicants
- respondent
Defendants
- other
Asset Care Reconstruction Enterprises (ACRE)
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Deepak M. Thakkar
- Order 2 — this page · H K Kaushik
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