M/s. Om Bahuuddeshiya Sevabhavi Sanstha, Nashik & Ors Vs Omkara Assets Reconstruction Pvt. Ltd. & Anr
.... e sheet and the audit report which indicate that they have limited income and that they may not be able to pay 50% of the debt due. 3. Since the Appellants had accepted the OTS proposal given by them on 24/08/2021 and accepted by the respondent on 31/08/2021 and had also made payment of &# ...
Debts Recovery Appellate Tribunal, Mumbai Bench
M/s Kamala Mills Ltd & Ors Vs Indiabulls Housing Finance Ltd & & Ors
.... deferred till the appeal is disposed of. It is also contended that the properties were offered as security for the loan facility No. HHLLPM00467815 alone in the outstanding dues towards the debt is only ₹11,26,71,324/-and therefore, issuing a sale notice for the outstanding amount of all ...
Debts Recovery Appellate Tribunal, Mumbai Bench
M/s. Leenam Foods Pvt. Ltd Vs State Bank of India & Anr
.... y the appellant is not registered. 3. Moreover, it is also pointed out that the lease was only for three years. It is a document which is required to be compulsorily registered. Hence, finding against the tenancy right set up by the appellant, no protection whatsoever was granted to the ap ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Shrirajrajeshwari Infrastructures Pvt. Ltd. & Ors Vs Union Bank of India & Ors
.... d respondent heard. Records perused. 13. The grounds on which the appellants have challenged the impugned judgment and order are that the respondent bank did not respond to the objections raised by the appellants to the demand notice under Sec. 13(2) of the SARFAESI Act and therefore furthe ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Kinjal Bhupendra Dalal Vs Union Bank of India & Ors
.... n a position to dispose of the O.A. expeditiously. 2. In case the application for transfer of the O.A. to any other D.R.T. is considered, there are two D.R.Ts. lying vacant in Mumbai. There is also one D.R.Ts. lying vacant in Ahmedabad and Aurangabad. Therefore, no purpose will be served b ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Navnit Cars Pvt. Ltd Vs State Bank of India & Anr
.... able to them under the law. Hence, the prayer for deletion of the third defendant from the party array in these O.As. was declined. 3. The Ld. Counsel appearing for the appellant would contend that at the very threshold, it would be clear that the appellant was only a car dealer is not inv ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Indiabulls Commercial Credit Ltd Vs M/s D.B. Footwear And Another
.... er impugned shows that only question of paper publication is involved, but the Tribunal below has also recorded that the demand notices were sent to the S.A. applicants through courier and speed post, but the same were only served upon Udaiveer and not upon the other borrowers, therefore, the dem ...
Debts Recovery Appellate Tribunal, Allahabad Bench
Chhattisgarh State Power Holding Company Ltd Vs Bank of Baroda
.... f both the boards is 80:20 is not tenable. It was, therefore, prayed that the order impugned to this extent may be set aside and the appeal may be allowed. 9. The learned counsel for the respondent-Bank submitted that as per notification of Government, the appellant and respondent No. 7 are ...
Debts Recovery Appellate Tribunal, Allahabad Bench
Bank Of India Vs Surendra Sah And Ors
.... ent-Auction Purchaser has adopted the arguments as raised by the learned counsel for the appellant. 10. Heard the learned counsels for the parties and considered the material available on record. 11. The core question involved in the present case is, as to whether 60 days would be cou ...
Debts Recovery Appellate Tribunal, Allahabad Bench
Kotak Mahindra Bank Limited Vs Uttar Pradesh State Cement Corporation Ltd And Ors
.... nd has stated that in the said order, it is clear that there was no One Time Settlement and the Hon’ble High Court vide said order had only directed the official liquidator to disburse the claim of the secured creditors on the basis of agreed contractual rate of interest up to the date of windin ...
Debts Recovery Appellate Tribunal, Allahabad Bench
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