SHAGUN FASHION vs HDB FINANCIAL SERVICES LIMITED on 5 April 2024

**ORDER**

1. 1. Today, this matter has come up for hearing.

2. 2. Ld. Counsel for the Applicant submitted that the present Misc. Application was filed with a prayer for extension of time for making payment in terms of order dated 15.10.2022 passed by this Tribunal in S.A. No. 174 of 2022, wherein the Applicants were directed to deposit an amount of Rs.5,00,000/- on or before 17.10.2022 and remaining outstanding amount on or before 31.12.2022. It is submitted that as per the relief sought by the Applicants, the Applicants had requested for extension of 4 weeks on or before 30.01.2023 for making the said payment. However, the said time so prayed for by the Applicants in the present Misc. Application has already been expired and as such, submitted that permission may be granted to withdraw the present Misc. Application.

3. 3. Ld. Counsel appearing for the Respondent/FI submitted that in view of the submissions made by the Ld. Counsel for the Applicants before this Tribunal, he has no objections, if the Misc. Application may be disposed of.

4. 4. Heard the Ld. Counsel for the parties.

5. 5. Considering the submission made by the Ld. Counsel for the Applicants that the Applicants intend to withdrawn the captioned Misc. Application, the present Misc. Application is dismissed as withdrawn.

6. 6. File be consigned to records.

11/04/2024 **(LAXMAN MADNANI)** Presiding Officer, DRT-II, Ahmedabad