The DRT allowed the withdrawal of the originating application after applicants submitted evidence of a full and final settlement via NARCL, dismissing the OA as withdrawn and disposing of pending matters.
Withdrawal of OA as allowed; OA 806/2023 dismissed; all pending IAs disposed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Debts Recovety Tribunal-Il, Delhi
0A/80612023
STATE BANK OF INDIA Vs M/SAGSON GLOBALPVT LTD & oRs
23.06.2026
Item no. 40
Present: Mr. Sagar Diwan, counsel for applicantFI. Mr. Manish Khurana, counsel for defendantno.2 and 3.
None for other defendants.
Matter is taken through Video Conferencing/hybrid Mode.
The Ld. Counsel for the applicantFI has submitted that he has filed an fA No.2L55l2025for substitutionof nameof National Asset Reconstruction CompanyLimited(NARCL).in place of State Bank of India as the loanhas been assign to NationalAsset Reconstruction CompanyLimited. Which is formal in naturer hence allowed.
IA no.l673 12026 has beenfiled by the applicantFI for withdrawal of the PresentOA.
The Ld. Counse! for theapplicant FI submits that defendants approached NARCL tosettlethe dues of the ErstwhileLender and in terms of the full &final settlement,Defendants have deposited entire agreed settlementamountwith NARCL. That the claim of the Erstwhile Lender /NARCLagainst the Defendantsstands settled/satisfied. NARCLhas issued No Due Ceftificatein respect of the claim., He furthersubmits that he wishesto withdraw the present OA.
In view of amicablesettlement,IA no.167312026 is allowed. OA 806/ 2023 is dismissedas withdrawn. All the pending IAs stand disposed of. SA
File be consigned to record room.
9r
(susHrL KUMAR RASTOGI) PRESIDING OFFICER, DRT-II, Delhi
A
3 provisions across 3 enactments
STATE BANK OF INDIA
M/S AGSON GLOBAL PVT LTD
SHASHI KUMAR RASTOGI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
