ARCIL Vs Murugappa krishnan
.... d) Standard Chartered Bank Vs. India Glycols Ltd reported in 2014 SCC Online 3859 e) Gitarani Paul Vs. Dibyendra Kundu alias Dibyendra Kumar Kundu reported in (1991) 1 SCC 1. 9. I have considered the rival submissions and perused the record. 10. On a perus ...
Debts Recovery Appellate Tribunal, Chennai Bench
Asset Reconstruction Company (India) Limited Vs SR Educational & Charitable Trust
.... prejudice to parties, the files ought to have retransmitted back” 5. Ld. Counsel further submitted that DRT-I, Chennai cannot deal with transfer application in view of the stay of operation of the Notification dated 4.10.2022 granted by Hon’ble High Court of Kerala and DRT-I, Chennai ought ...
Debts Recovery Appellate Tribunal, Chennai Bench
M/s Raviputram Oil Mills Vs UCO Bank
.... t needs to be deposited, which has also been discussed in detail by the Hon'ble Allahabad High Court in Nathi Lal Rathore Vs. DRAT & Ors., 1(2017) BC 684(AII.). The next submission was that the sale has already taken place and the sale certificate has been issued, therefore, the ap ...
Debts Recovery Appellate Tribunal, Allahabad Bench
Bank Of India Vs Smt Shashi Bala Singh
.... y in question. After hearing the learned counsel for the appellant and considering the facts and circumstances of the case, this court is of the opinion that since the securitization application is still pending before the Tribunal below, therefore, the appellant is at liberty to move an in ...
Debts Recovery Appellate Tribunal, Allahabad Bench
Surinder Singh Tirathsingh Chandhok Vs Kotak Mahindra Bank Ltd. & Ors
.... as not produced any documents to show that he is under financial strain. It is stated that he is not paying any income tax. Therefore, the income tax returns are not available. But it is pertinent to note that the rest of the respondents are also borrowers and any order that the appellant gets, ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Sunil Prabhudas Patel & Ors Vs RBL Bank Ltd. & Ors
.... nd recorded. The appeal is disposed of in accordance with the settlement and the sale in favour of respondent No. 3 is set aside on the payment of the amount mentioned in the consent terms. The cancellation of the sale deed in respect of the property described in paragraph No. 9 as Plot No. ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Mahatma Gandhi Vidyamandir Vs Religare Finvest Ltd. & Ors
.... unning an institution and is under financial strain. ₹25 lakhs is produced today towards the first instalment. The appellant has to pay a sum of ₹5 crores more. The last instalment is due on 23.01.2025. 2. The Ld. Counsel appearing for the respondent vehemently opposes the appli ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Vilas Vasant Gandhe Vs Encore Asset Reconstruction Pvt. Ltd
.... ₹36 crores and the valuation report is that effect has also been produced by the appellant in support of their claim that the property has higher value. However, the DRT was not enthused with the valuation statement produced by the appellant because despite giving opportunity to the appel ...
Debts Recovery Appellate Tribunal, Mumbai Bench
Bank Of Baroda Vs E star Infotech Ltd & Anr
.... he bank vehemently argued that the provisions under Sec. 13 (3A) to send a reply to the objections raised by the borrower within a week is only directory and not mandatory to render the Sarfaesi action invalid. The Ld. Counsel has relied upon a decision of the Hon'ble High Court of Gujarat in K ...
Debts Recovery Appellate Tribunal, Mumbai Bench
B S Rajnarain Vs Axis Bank Limited
.... or and operative until repayment in full of all monies due to the Bank under the Loan Agreement and the Bank issues a certificate in this regard. 19. This Guarantee shall be a continuing one and shall remain in full force and effect till such time the Borrower repays in full the said Credit ...
Debts Recovery Appellate Tribunal, Chennai Bench
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