DBS BANK LIMITED vs SAFFRON GREEN INTERNATIONAL PVT LTD on 7 August 2026

Exh-9

**IN THE DEBTS RECOVERY TRIBUNAL-II AT AHMEDABAD**

(Pankaj Kumar Upadhyay, Presiding Officer)

Item No.21

MA/11/2026

07.08.2026

**DBS Bank Ltd.**

**Vs.**

**Saffron Green International Ltd. & Ors.**

**Present:** Mr. Dhiraj Sharma, Ld. Proxy Counsel for Applicant Bank.

None present for the Respondent.

The case is taken up for consideration on Application for Withdrawal Exh:A/8, same is taken on record.

It has been submitted by the Ld. Counsel for the Applicant Bank that the present Application for Condonation of Delay in NDN No.1941 of 2025 (MA) which is filed for modification of the order dated 02.08.2025 of this Tribunal. However, during the pendency of the present case, *the parties entered into One Time Settlement of Rs.72 Lakhs and has received the said amount. Therefore, the Applicant Bank does not wish to proceed with the present Misc. Application and sought permission for withdrawal of both the Misc. Application No.11 of 2026 as well as MA Diary No.1941 of 2025.*

The Applicant Bank has annexed "Settlement Letter" dated 04.03.2026 and "Resolution" dated 10.04.2026 along with Application for Withdrawal.

In view of the above, as the account has been settled and total settlement amount has been received by the Applicant Bank and as Applicant wants to withdraw the present case, this Misc Application deserves to be disposed of as withdrawn.