M/s. R. K. Associates & Ors. vs UNION BANK OF INDIA on 18 October 2023

**ORDER**

1. 1. Today, this matter has come up for consideration on purshis filed by the Respondent Bank at Exh.R/06.

2. 2. Ld. Counsel for the Respondent Bank has filed a purshis at Exh.R/06, submitting *inter alia* that during the pendency of the Securitisation Application, the captioned matter has been settled between the parties. It is further submitted that the Respondent Bank has issued Settlement Certificate dated 17.06.2022, which is annexed along with the purshis so filed at Ex.R/6. In view of settlement arrived at between the parties, the present Delay condonation application has become infructuous and hence, appropriate order may be passed to dispose of the present Delay condonation application along with Securitisation Application.

3. 3. Ld. Counsel for the Applicants submitted that in view of the submissions made by the Ld. Counsel for the Respondent Bank in the purshis so filed at Exh.R/06, appropriate order may be passed.

4. 4. Considering the submissions made by the Ld. Counsel for the parties that the matter has been settled between the parties, no cause of action survives to continue the proceedings of the present S.A. Therefore, in the interest of justice, I am inclined to accept the submission of the parties to dispose of the present matter.

5. 5. In view of the aforesaid discussion and without commenting on the merits of the case, present Diary No. 559/2021 and Delay condonation application stands dismissed along with all pending applications, if any, with no order as to cost.

6. 6. File be consigned to records.

~ **(LAXMAN MADNANI)** **Presiding Officer,** **DRT-II, Ahmedabad**