In a securitisation application under the Securitisation Act, the respondent bank submitted that the Circle Officer's notice was wrong and they were not proceeding on its basis. The court accordingly disposed of the application.
Securitisation Application No.10/2022 stands disposed off.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
| 13. Sr. |
07.20 No.4 |
22 8 SA No.10/2022 |
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| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.10/2022 | ||
| Prashant Kailas Sokatkar ..Applicant Versus Shivaji Nagari Sahakari Bank Ltd. ..Respondents Mr. G.V. Kulkarni – Advocate for the applicant. Mr. S.P. Talegaonkar – Advocate for the respondent. Due to Covid 19 situation the matter is taken through Video Conference. 1. The learned counsel appearing for the respondent-bank submits that the notice issued by the Circle Officer is wrong and they are not proceeding on the basis of the said notice. |
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| 2. The amount which has been deposited by the applicant shall be adjusted in the book liability while taking any further |
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| steps under the Securitisation Act. | ||
| 3. In view of the statement made by the learned counsel for the respondent-bank, I pass the following order through video conference: ORDER |
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| A. Securitisation Application No.10/2022 stands disposed off. |
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| B. The applicant is at liberty to file fresh Securitisation Application with all objections which are taken bythem |
[SBJ] (SA No.10/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
in this Securitisation Application in case the respondentbank proceeds under the Securitisation Act.
D. Consign the file to the Record Room.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.10/2022) Page 2 of 2
Prashant Kailas Sokatkar
Shivaji Nagari Sahakari Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
