Mohan Lal v. Axis Bank
Case brief
What is this about?
In Reference No. SA/131/2022, a SARFAESI application by Mohan Lal against Axis Bank was dismissed as withdrawn by the Debts Recovery Tribunal-I, Chandigarh, following the bank's admission of non-issuance of Section 13(4) notices.
What did the court decide?
The special application was dismissed as withdrawn.
What the court decided
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/131/2022 MOHAN LAL Vs AXIS BANK
13.09.2022 Item No.72
Present: Sh. Satinder Pal Singh, Counsel for the Applicant. Sh. Sukhvinder, proxy Counsel for Sh. Deepak Jain, Counsel for the respondent bank.
Sh. Satinder Pal Singh, counsel for the applicant has made a statement at the bar that in view of the fact that the bank in its reply had admitted that it had not issued the notices under Section 13(4) of the SARFAESI Act. Accordingly, the SA is dismissed as withdrawn . I order accordingly.
File be consigned to the record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
DS
Parties & counsel
- applicant
Mohan Lal
- respondent
Axis Bank
Coram
Satinder Pal Singh
Case details
As recorded by the court registry
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