Debts Recovery Tribunals and Appellate Tribunals

HDFC BANK vs Spectra Automotives on 1 August 2023

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

(BEFORE HON’BLE PRESIDING OFFICER)

Sr. No.14

INTERLOCUTORY APPLICATION No.1685 of 2023

In

TRANSFERRED ORIGINAL APPLICATION

NO.27 of 2023

HDFC Bank Ltd.

… Applicant

Versus

Spectra Automotives Prop. Sectra

Industries Ltd. & Ors.

… Defendants

Ms Hema Desai i/b M/s. Singhi & Co. – Advocates for the applicant.

None for defendants.

Shri Deepak M. Thakkar

Presiding Officer,

1st August 2023.

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ORDER

1. The applicant confirms it received Rs.1.88 crores in full and final satisfaction of its claim and therefore, seeks the Tribunal’s permission to withdraw the Original Application. Ms Desai submits that the applicant does not press for the refund of the court fees. Permission to withdraw the Original Application is granted.

2. Interlocutory Application No.1685 of 2023 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.14 TOA No.27 of 2023 classifi -cation No. of Exh. HDFC Bank Ltd. Vs. Spectra Automotives & Ors.

Ms Hema Desai i/b M/s. Singhi & Co. – Advocates for the applicant. None for defendants.

1. The learned counsel for the applicant has presented I.A. No.1685 of 2023 (exhibit-7) supported by affidavit (exhibit-8), which is taken on record.

2. Order in I.A. No.1685 of 2023 passed separately.

3. In view of the order passed in I.A. No.1685 of 2023, Transferred Original Application No.27 of 2023 stands dismissed as withdrawn with no order as to costs.

Sd/-

DRT-2, Mumbai Radhika

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