Debts Recovery Tribunals and Appellate Tribunals

BANK OF INDIA vs MS SANCIA GLOBAL INFRA PROJECTS LTD on 1 August 2023

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

(BEFORE HON’BLE PRESIDING OFFICER)

Sr. No.6

INTERLOCUTORY APPLICATION No.216 of 2022

In

ORIGINAL APPLICATION

NO.451 of 2017

Bank of India

… Applicant

Versus

M/s. Sancia Global Infra & Ors.

… Defendants

Mr Priyansh Jain i/b M/s. Apex Law Partners – Advocates for the applicant.

None for defendants.

Shri Deepak M. Thakkar

Presiding Officer,

1st August 2023.

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ORDER

1. The applicant seeks the Tribunal’s permission to withdraw the Original Application stating that the matter has been amicably settled for an amount in the sum of Rs.1.75 crores. On 20th September 2021, the applicant issued no due certificate. The learned counsel filed additional affidavit stating that the court is paid by the assignor and therefore, is entitled for refund. Permission to withdraw the Original Application is granted.

2. Interlocutory Application No.216 of 2022 is allowed with no order as to costs.

Sd/- (Deepak M. Thakkar)

DRT-2, Mumbai Radhika

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET

01.08.2023 Sr. No.6 OA No.451 of 2017 classifi -cation No. of Exh. Bank of India Vs. M/s. Sancia Global Infra & Ors.

17 Mr Priyansh Jain i/b M/s. Apex Law Partners – Advocates for the applicant. None for defendants.

1. The learned counsel for the applicant has presented additional affidavit (exhibit-17), which is taken on record.

2. Order in I.A. No.216 of 2022 passed separately.

3. In view of the order passed in I.A. No.216 of 2022, O.A. No.451 of 2017 stands dismissed as withdrawn with no order as to costs.

Sd/-

DRT-2, Mumbai Radhika

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