The Debt Recovery Tribunal allowed the bank applicant to withdraw its reconsideration application after the defendant company approved a Resolution Plan under insolvency proceedings, leaving no outstanding dues.
IA no.189/2025 allowed; TA 588/2023 dismissed as withdrawn; all pending IAs disposed of.
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Debts Recovely Tribunal-Il, Delhi
TA/s8812023
EXPORT IMPORT BANK OF INDIA Vs M S BAL]ARPUR INDUSTRIES LTD
27.08.2025
Item no. 50
Present: Mr. Ashish Rana, counsel for applicant bank. Ms. Aastha Mishra, proxy counse! for defendants.
Matter is taken through Video Conferencing/ hybrid Mode.
File be consigned to recordroom.
----\ 6.tt (SUSHIL KUMAR RASTOGI) PRESIDING OFFICER, DRT-II, Delhi
A
1 issue framed by the court
Whether to allow the withdrawal of the reconsideration application since all dues have been cleared under the approved Resolution Plan.
EXPORT IMPORT BANK OF INDIA
SUSHIL KUMAR RASTOGI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
