Debts Recovery Tribunals and Appellate Tribunals
Assest Care Enterprises LTD vs Swadeshi Cement Limited on 28 May 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item No. 117 Case No. MA/164/2021 IN OA/294/2000 ASSEST CARE ENTERPRISES LTD Vs SWADESHI CEMENT LIMITED Date: 28.05.2025. Proceedings through hybrid mode Present: Shri R K Salecha, Counsel for the Applicant Shri Kirti Kapoor, Counsel for the Respondent no.6 None for the Respondent no. 2, 3, 4, 5, 7, 8 & 9 In this matter, this Misc. Application moved by the applicant for deletion of the name of CD no. 2 to 8 from the recovery certificate as they were released from their liability vide release deed dated 04.05.2009. Original Application has been decreed on 24.10.2019 and this fact of release of guarantees/ liability should have been brought before the Tribunal at that point before the final order was passed. The applicant be careful in future in such circumstances. The order be sent to the Ld. Recovery officer who will note that the proceedings against the CD no. 2 to 8 shall not continue. In view of the above, this Misc. Application stands disposed of as allowed. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur