The Debts Recovery Tribunal, Aurangabad dismissed a securitization application filed by M/s. Jagannath Garments as the applicant failed to appear on the last date of hearing and did not next day's hearing despite a last chance given to appear.
The Securitization Application No.151/2022 is dismissed and all pending inter-applications are disposed of accordingly.
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
| 03. Sr. |
08.20 No.5 |
22 3 SA No.151/2022 |
|---|---|---|
| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.151/2022 | ||
| M/s. Jagannath Garments & another ..Applicants Versus State Bank of India & others ..Respondents None for the applicants None for the Respondents The matter is taken through VC. 1. On the last date of hearing i.e. 07thJune, 2022, none appears for the applicant as such in the interest of justice, a last chance was given to the applicant to appear in the matter. 2. Today also none appears for the applicant. It appears that the applicant is not interested in prosecuting the matter. 3. In view of the above, I pass the following order through video conferencing: ORDER |
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| A. The Securitization Application No.151/2022 stands dismissed. |
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| B. All pending IA in the proceeding, if any are disposed of accordingly. C. File be consigned to the record room. |
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| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.151/2022) Page 1 of 1
1 issue framed by the court
Whether the applicant, having been granted a last chance to appear and failed to do so again, should be convicted of false prosecution in a securitization application.
M/s. Jagannath Garments
State Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
