In a securitisation application regarding a settlement between parties, the Debts Recovery Tribunal dismissed the application after Rs.31 lakh was paid and payment of remaining dues was scheduled for January 15, 2023.
None. The sale proclamation notice was withdrawn, remaining dues payment tied to a settlement.
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 |
.12.202 . No.28 |
2 |
SA No.429/2022 |
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| Classifi cation |
No. of Exh. |
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| M/s. Versu Bank Mr. P. Mr. A. The m 1. 2. 3. |
SECURITISATION APPLICATION No.429/2022 Arihant Industries ..Applicant s of India ..Respondent S. Gaikwad - Advocate for the applicant. U. Deshmukh – Advocate for the defendant. atter is taken through Video Conference. In this matter it is submitted by both the learned counsels that the sale proclamation notice has been withdrawn and there is a settlement between the parties for Rs.1,22,10,000/- (Rupees One Crore Twenty-Two Lakhs and Ten Thousand only) out of which Rs.31,00,000/- (Rupees Thirty-One Lakhs only) have been paid. The last date of payment is 15thJanuary, 2023. In these circumstances this Securitisation Application stands disposed off. In view of the above, I pass the following order through video conference. ORDER |
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| A. | Securitisation Application No.429/2022 stands dismissed. | ||
| B. | In case of any difficulties the parties may move the Miscellaneous Application. |
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| C. D. |
All Pending Interlocutory Applications stands disposed of accordingly. Consign the file to the record room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ]
(SA No.429/2022) Page 1 of 1
Arihant Industries of India
Bank
Mr. P.
Mr. A.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
