The Debts Recovery Appellate Tribunal, Mumbai, directed expedited disposal of a securitization application and extended its timeline by two months due to incomplete pleadings and pending applications.
Extension of disposal of securities application No. 45/2022 by two months; direction for expedited hearing.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present : Mr. Justice Ashok Menon, Chairperson
Misc Appeal No. 130/2022
Between
The A.O., Kallappanna Awade Ichalkaranji Janata … Appellant/s Sahakari Bank Ltd. & Anr.
V/s.
…Respondent/s
Pratap B. Salunkhe & Ors.
-
Mr Harshad Sathe, Advocate for Appellants. Ms Sonali Jain, Advocate for Respondent.
Misc. Appeal No. 130/2022 which was disposed of with a direction to the Debts Recovery Tribunal, Pune (D.R.T.) to dispose of Securitization Application (S.A.) No. 45/2022 within the period of two months. The pleadings were not complete and certain applications were filed by the parties, as a result of which the disposal of the matter got extended.
The Respondent in the Appeal has now approached this Tribunal for an extension of time to dispose of the S.A.
The parties are directed to get ready for the hearing positively without seeking any further adjournment, and the Ld. Presiding Officer is directed to expedite the hearing of the S.A.
The time for disposal of the S.A. is extended by two months from today.
psa-28
1
1 issue framed by the court
Whether the time for disposal of the securitization application should be extended given incomplete pleadings and pending applications.
The A.O., Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. & Anr.
Pratap B. Salunkhe & Ors.
Ashok Menon
As recorded by the court registry
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