New Laxmi Trading company vs STATE BANK OF INDIA on 8 December 2023

**ORDER**

1. 1. Today this matter has come up for hearing for consideration on withdrawal affidavit filed by the Applicants at Ex.A/08.

2. 2. Ld. Counsel for the Applicants has filed withdrawal affidavit at Ex.A/8, duly sworn by the Applicants, submitting interalia that the present Misc. Application being Delay condonation application for filing SA was filed on 18.08.2023. However, during the pendency of the present application, the Respondent Bank has obtained orders under Section 14 of the SARFAESI Act, 2002, which constitutes a fresh cause of action. As such, it is submitted that this Tribunal may permit the Applicant to withdraw the captioned matter, with liberty to approach this Tribunal for filing fresh application under Section 17 of the SARFAESI Act, 2002.

3. 3. Ld. Counsel for the Respondents submitted that in view of the submissions made by the Ld. Counsel for the Applicants in the affidavit so filed at Ex.A/8, appropriate order may be passed by this Tribunal.

4. 4. This Tribunal has carefully examined the purshis so filed by the Applicants and considering the fact that Applicants want to withdraw the present Misc. Application, the present Misc. Application being delay condonation application along with SA is disposed of with liberty to file fresh Securitisation Application in accordance with law on the fresh cause of action accrued in favour of the Applicants.

5. 5. Further, all pending IAs, if any along with this Misc. Application also stand disposed of.

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

(LAXMAN MADNANI) PRESIDING OFFICER DRT-II, AHMEDABAD