M/S N. R. Traders Camp-I v. Axis Bank Limited

HIGH COURT OF CHHATTISGARH, BILASPUR Order Sheet WPC No. 2758 of 2020 • M/s N. R. Traders Camp-I Street No. 18, Steel Nagar, Bhilai, Tahsil And District Durg Chhattisgarh, Through Its Proprietor Nitin Ralhan, S/o Vijay Kumar Ralhan, Aged About 38 Years, R/o A - 30 Surya Vihar, Junwani, Bhilai, Tahsil And District Durg Chhattisgarh ---- Petitioner

Versus

1. Axis Bank Limited Having Its Registered Office At Trishul 3rd Floor, Infront Of Samadheshwar Temple, Near Law Garden, Ellis Bridge, Ahemdabad, 380006 (Gujrat).

2. Axis Bank Limited Branch Office, Asset Sales Centre, Second Floor, Chawla Chambers, Jivan Bima Marg, Pandri Raipur Chhattisgarh

3. The District Magistrate Durg, District Durg Chhattisgarh ---- Respondents 25/11/2020 Shri Shashank Thakur, counsel for the petitioner. Shri Gagan Tiwari, GA for the State.

Heard.

Learned counsel for the petitioner would submit that while the instant petition was filed, the Debt Recovery Tribunal was not functional, however, as of now, the Debt Recovery Tribunal is functioning, therefore, he wants to withdraw the instant petition with liberty to approach the Debt Recovery Tribunal within a period of thirty days. Prayer is allowed.

Accordingly, the writ petition is dismissed as withdrawn with the liberty aforesaid.

Considering the fact that the DRT was not functional, therefore, till the petition is filed before the DRT within a period of 30 days, there shall be stay of the order dated 12.10.2020.

Sd/- Goutam Bhaduri Judge ashu