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Issues: Whether the impugned order, which disposed of the application without recording reasons or findings, could be sustained in law and whether the matter required remand for a reasoned decision.
Analysis: The operative part of the impugned order disclosed no substantive examination of the rival contentions and no discernible reasoning on the basis of facts or law. A quasi-judicial order affecting rights must reflect application of mind and must state the basis of the conclusion reached. A cryptic disposal that merely directs execution of documents and payment of rent, without addressing the competing claims under the approved resolution plan, does not satisfy the requirement of a speaking order. In the absence of reasons, appellate review becomes impossible and the order cannot be tested for legality.
Conclusion: The impugned order could not be sustained and the matter was required to be set aside and remanded for fresh decision by a reasoned order after hearing both sides.