https://www.taxtmi.com/caselaws?id=458191 Withdrawal of a securitisation application on the basis of an anticipated settlement does not, by itself, deprive the Tribunal of power to restore the matter and decide it on merits when the settlement fails to materialise. The High Court held that subsequent developments may affect the relief ultimately granted, but they do not extinguish the grievance already brought before the Tribunal. The refusal to restore the application was therefore unjustified, and the Tribunal was directed to hear and decide the securitisation application in accordance with law. en-us Fri, 04 Feb 2022 00:00:00 +0530 Mon, 14 Oct 2024 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458191 Withdrawal of a securitisation application on the basis of an anticipated settlement does not, by itself, deprive the Tribunal of power to restore the matter and decide it on merits when the settlement fails to materialise. The High Court held that subsequent developments may affect the relief ultimately granted, but they do not extinguish the grievance already brought before the Tribunal. The refusal to restore the application was therefore unjustified, and the Tribunal was directed to hear and decide the securitisation application in accordance with law. Case-Laws Indian Laws Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458191