The Tribunal listed the matter for settlement proceedings on 20.01.2023. It directed the appellant and a competent bank officer to attend via video conference. The court allowed time for the filing of replies and rejoinders pending the decision on the pre-deposit issue.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No. 140/2022 Arising out of S.A. No.371/2021 (DRT-I, Delhi)
Sanjay Kumar Jha Vs Religare Housing Development Finance Corporation Limited & Anr.
22.12.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Amt Dhall, Ld. counsel for appellant
Mr. Aditya Prasad, Ld. counsel for respondent no.1
This matter has been taken up by me through Video Conferencing.
Mr. Aditya Prasad, learned counsel, has put in appearance for respondent no.1 today. He seek time to file reply. Let reply be filed within two week and rejoinder, if any, be filed within one week thereafter.
Learned counsel for respondent states that pre-deposit issue is yet to be decided by this Tribunal. Learned counsel for the appellant states that the appellant has deposited Rs.1.50 lacs towards pre-deposit. He further submits that after the issuance of the notice under Section 13(2) of the SARFAESI Act for a sum of Rs.12,89,976.20, the appellant has deposited with the bank a sum of Rs.8,72,688/-
There is a chance of settlement in the matter. Let the appellant and a competent officer of the bank be present on the next date through Video Conferencing.
List the matter on 20.01.2023 for settlement. In the meanwhile, if the property is to be put to auction, advance notice of the same be given to the appellant.
(CHAIRPERSON)
-pk
2 issues framed by the court
Whether there is a chance of settlement in the deposit dispute
Whether the appellant is eligible for notice if property is auctioned
Colour shows how this judgement treated each authority
nullReferred
2 provisions across 2 enactments
Sanjay Kumar Jha
Religare Housing Development Finance Corporation Limited
Brijesh Sethi
As recorded by the court registry
14 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
