Debts Recovery Tribunals and Appellate Tribunals
Phoenix ARC Private Limited vs M/s. Dhanlaxmi Builders and Developer on 12 January 2024
SP/-38
12/01/2024 Ex.
No.
Before Presiding Officer Dr. Rekha G.
Dhakar, DRT-1, Mumbai.
Roznama in TMA 1 of 2023
Phoenix ARC Pvt Ltd Vs. M/s.
Dhanlaxmi Builders and Developersp
Next date
Advocate Shantanu Ray a/w Adv. Charles De Souza i/b Meraki Chambers appeared for the Applicant.
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1. By way of the present TMA the Applicant is praying that the Recovery certificate may be issued as the Defendant fail to abide the terms of the consent term which are arrived between the parties and recorded in the order dt.03/07/2015.
2. Heard Ld. Counsel for the Applicant.
3. In view of the facts mentioned in present TMA the same is hereby allowed and Recovery Certificate is issued for an amount of Rs.17,32,00,000/- as on 01/04/2015 alongwith interest @24% p.a. compounded monthly as prayed.
4. With the above said direction the present TMA is disposed off. File be closed and consigned to record.
P.O. DRT-I