The Debts Recovery Tribunal disposed of Securitization Application No. 402 of 2023 with no order as to costs on the submission that the borrower had made full payment, thereby withdrawing the action under the SARFAESI Act. All pending IAs were also disposed of.
Securitization Application disposed with no order as to costs; all pending IAs disposed.
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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
ORDER SHEET
07.11.2023
Sr. No.906
| SA No.402 of 2023 | ||
|---|---|---|
| classifi -cation |
No. of Exh. |
Chirag Dilip Brahmbhatt Vs. NKGSB Co-op Bank Ltd. & Ors. |
| Mr Siddharth Samentrey i/b Mr Shadad Khan – Advocate for the applicant. |
||
| Ms Dimple Tejani i/b M/s. M & S Legal Ventures – Advocates for defendant no.1. None for other defendants. |
||
| 1. Ms Tejani, representing the secured creditor, submits that the borrower has made the entire payment and therefore, the action and measures under the SARFAESI Act stands withdrawn. Based on the submission made by Ms Tejani, Mr Khan has made an endorsement on the Securitization Application, that the Securitization Application be disposed of. Accordingly, Securitization Application No.402 of 2023 stands disposed of with no order as to costs. 2. All pending IAs stands disposed of. |
||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Nidhi
1 issue framed by the court
Whether the Securitization Application under SARFAESI stands withdrawn upon borrower making entire payment
Chirag Dilip Brahmbhatt
NKGSB Co-op Bank Ltd.
Presiding Officer
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
