The Debts Recovery Tribunal disposed of a securitisation application after the respondent-bank indicated it would not proceed based on the notice due to a misissued notice.
Securitisation Application No.11/2022 disposed; Applicant at liberty to file fresh application.
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 9 SA No.11/2022 |
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| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.11/2022 | ||
| Dnyaneshwar Kachru Apshinde ..Applicant Versus Shivaji Nagar Sahakari Bank Ltd. ..Respondents Mr. G.V. Kulkarni – Advocate for the applicant. Mr. S.P. Talegonkar – Advocate for the respondent. Due to Covid 19 situation the matter is taken through Video Conference. |
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| 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. 2. The amount which has been deposited by the applicant shall be adjusted in the book liability while taking any further steps under the Securitisation Act. 3. In view of the statement made by the learned counsel for the |
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| respondent-bank, I pass the following order through video conference: ORDER A. Securitisation Application No.11/2022 stands disposed off. |
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| B. The applicant is at liberty to file fresh Securitisation Application with all objections which are taken by them in this Securitisation Application in case the respondent- |
[SBJ] (SA No.11/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
bank proceeds under the Securitisation Act.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.11/2022) Page 2 of 2
Dnyaneshwar Kachru Apshinde
Shivaji Nagar Sahakari Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
