Authorized Officer Motilal Oswal Home Finance Ltd. through Its Authorised Officer and Anr. v. Pandharinath Namdeo Dhadge and Ors.
Case brief
What is this about?
Non-prosecution dismissal of writ petition; interim protection granted by Vacation Court (24/11/2023) and continued (08/03/2024) lapses on dismissal; Section 17 SARFAESI-named proceeding before Debt Recovery Tribunal, Chhatrapati Sambhajinagar already dismissed 02/03/2024; borrower absent through counsel A. N. Raut; lender represented by B. R. Kedar (Motilal Oswal Home Finance Ltd.); Rs.5,00,000/- court deposit with liberty to apply for withdrawal; Civil Application No.2280/2024 disposed; Aurangabad Bench, per curiam, decided 26 March 2024; no precedent engagement, no substantive ruling.
What did the court decide?
No substantive relief; Petitioners at liberty to apply for withdrawal of the Rs.5,00,000/- deposited in the Court through a Civil Application, to be considered on its own merits; Civil Application No.2280/2024 stands disposed of.