The Debt Recovery Tribunal allowed an interim application for withdrawal of special appeal by the applicant due to an amicable settlement reached with the auction purchaser, disposing of the proceedings as not pressed.
Application for withdrawal of special appeal allowed; proceedings disposed of as not pressed.
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DEBTS RECOVERYTRIBUNAL-3,KOLKATA Order Sheet (Continuation)
Case No. SA/ 611/ 2023 Monabal VYaPaar LLP Vs' Phonix Arc Pvt. Ltd. &
Ors.
Office action
with date and
Order with sig nature dated Signature
Date of
of parties when
Order necessarY
'. l
lot.zo.og.zozo Present:
Sl. No.12
- For SA aPPlicant
: Ld counsel Mr. Snehasish Chakraborty with
Mr' S Agarwal
- For Respondent Bank
:None
Ld counsel for the Applicant has moved l'A' f84U2026
along with put up petition being l'A'799212026'
t..1. $qttZOZA has been placed praying for withdrawal
of SA in view of the amicable settlement bY and between
the SA applicant and the auction purchaser' A letter dated
18.06.2026 to that effect has been flled along with the
instant l.A.
Prayer is allowed'
The I.A. is supported by an affldavit affirmed bY one
of the aPPlicant
Siddhartha Tantia, authorized signatory
company.
As the SA applicant does not want to proceed with the
784t12026 is allowed and
SA Proceeding, I'A No'
disposed of as not Pressed'
]^' l.A. 199212026 is also disposed of being put up petition'
sJA/61U2023 along with other pending I A (if any) is
1
disposed of.
File be consigned to Record Room after. observing all
I formalities.
,*ffi'IsflrJ
DRT-2' Kolkata
Additional charge of DRT-3'
Kolkata
Monabal VYaPaar LLP
Phonix Arc Pvt. Ltd.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
