Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs KINGS CANYON SEZ PRIVATE LIMITED on 24 March 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI (ADDITIONAL CHARGE , DRAT-DELHI)
Misc. Appeal (EDRAT) No.1987/2025
In
Counter Claim No. 05/2024
(Arising out of O.A. No. 14/2024 (DRT-III, Delhi))
Union Bank of India vs. Kings Canyon Sez Private Limited & Ors.
24/03/2026
Ms. Ekta Choudhary, Ld. Counsel through VC and Ms. Anand Gomathi, Ld. Counsel through physical appearance appeared for appellant.
Mr. Mohd. Nauseen Samar, Ld. Counsel appeared for respondent no.1 through VC.
This matter has been taken up through Video Conferencing.
I.A. No. 472/2026 for urgent hearing is allowed.
I.A. No. 366/2026
This application is listed for withdrawal of Misc. Appeal (EDRAT) No. 1987/2025 by the petitioner/ applicant i.e. Union Bank of India.
Ld. Counsel for the petitioner/ applicant submitted that there is a settlement reached between the parties, therefore, seeks permission for withdrawal of this appeal with a liberty to restore this appeal, in case, default is committed under OTS.
In view of the application filed for withdrawal of the appeal on reaching settlement between parties, this Tribunal permits the petitioner/ appellant to withdraw this appeal.
Therefore, this Misc. Appeal is dismissed as withdrawn, being settled out of court.
All pending IAs, if any, stand closed.
File be consigned to record room.
Sol/-
Chairperson DRAT, Chennai Additional Charge, DRAT, Delhi
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