IKRAM HAJIYUNUS KANGDA AND OTHERS vs RBL Bank Limited on 23 October 2023

O R D E R

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

2. 2. Ld. Counsel for the Applicants has filed a purshis at Ex.A/5, submitting interalia that the Applicants have filed the present MA being delay condonation application for filing SA on 19.10.2023, challenging the action/measures taken by the Respondent under the SARFAESI Act.

3. 3. However it is submitted that during the interregnum period, the Respondent has obtained order under Section 14 of SARFAESI Act, 2002 and as such, the applicants intend to withdraw the present Misc. Application being delay condonation application. Further, Ld. Counsel for the Applicants submitted that the applicants may be given liberty to avail efficacious remedy in accordance with law.

4. 4. Considering the submission made by the Ld. Counsel for the Applicants that the Applicants intend to withdraw the present Misc. Application, the present Misc. Application being Delay condonation application in filing SA is dismissed as withdrawn with liberty to the Applicants to avail efficacious remedy to file fresh SA against the actions/measures taken by the Respondent Bank under the SARFAESI Act, 2002.

5. 5. Let the file be consigned to records.

(LAXMAN MADNANI) PRESIDING OFFICER DRT-II, AHMEDABAD