Debts Recovery Tribunals and Appellate Tribunals

COVE HOLDINGS PRIVATE LIMITED REP.BY ITS DIRECTOR MS.RUPALI RAI vs BANK OF BARODA on 11 September 2026

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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

Dated the 11th day of September, 2026

PRESENT: HON’BLE MR. JUSTICE G. CHANDRASEKHARAN

CHAIRPERSON

MA 57 of 2025

(arising out of IA No.85 of 2024 in TA NO. 72 of 2022 on the file of DRT-I, Chennai)

Between

Cove Holdings Private Limited,

Represented by its Director,

Ms. Rupal Rai,

Having Registered Office at:

No. 5, Ethiraj Lane, Egmore,

Chennai – 600 008

… Appellant

And

1. Bank of Baroda,

Corporate Financial Service Branch,

BOB Buildings, II Floor,

No. 74, Thyagaraya Road,

Near Panagal Park, T. Nagar,

Chennai – 600 017

2. Mr. Rajiv Rai,

S/o. Late. Sri Balwant Rai,

New No.9, Old No. 5, Ethiraj Lane,

Egmore, Chennai – 600 105

3. Mr. Ritesh Rai,

S/o. Late. Sri Balwant Rai,

New No. 9, Old No.5, Ethiraj Lane,

Egmore, Chennai – 600 105

... Respondents

Counsel for Appellant:

M/s. S.R. Subaashini

Counsel for 1st Respondent:

M/s. R. Ramasubramaniam Raja

Counsel for 2nd and 3rd Respondent:

None

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ORDER

Learned Counsel for both sides are present.

2. When the matter is taken up, Learned Counsel for the Appellant submitted that the Appellant is withdrawing this appeal, and a memo to that effect is filed seeking permission to withdraw this appeal.

3. Memo is taken on record and permission is accorded.

4. In view of the memo filed, this Appeal, MA 57 of 2025, is dismissed as withdrawn.

5. Parties are directed to bear their own costs.

6. Pending IAs, if any, stand closed.

Sd/- (JUSTICE G. CHANDRASEKHARAN) CHAIRPERSON

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