Debts Recovery Tribunal dismissed an applicant's securitisation application for non-prosecution after the applicant remained absent and failed to comply with the Tribunal's orders or utilize judicial notice.
Securitisation Application No.123/2022 stands dismissed for non-prosecution.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
06.09.2023
| S | r. No. | 86 SA No.123/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.123/2022 Milan Bhaskar Naidu ..Applicant Versus Axis Bank ..Respondents None for the applicant. Mr. M.D.Nandedkar – Advocate for the respondent bank The matter is taken through VC/hybrid. 1. The learned counsel for the applicant who appeared earlier for the applicant was debarred from appearing before this Tribunal. It was his duty under law to intimate his clients that he cannot represent them before the Tribunal. He must have informed the applicant that he cannot appear before this Tribunal else it would be a professional mis-conduct. The applicant has not taken steps to get the matter transferred. 2. Moreover, this Tribunal has also issued public notice and has put the same on the notice board and on e-DRT portal of the Tribunal. The Tribunal has also issued independent notices to all the parties also. 3. The learned counsel for the respondent bank submits that the applicants have not complied with the conditional orders passed by the Tribunal. 4. The matters pending before this Tribunal in which Mr. Balaji A.Panchal, Advocate is appearing all the stay orders are vacated automatically after expiry of six months. |
[APK] (SA No.123/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
A. The Securitisation Application No.123/2022 stands dismissed for non-prosecution.
B. Accordingly, all Interlocutory Applications pending if any stands disposed off.
C. Consign the file to the Record Room. (Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad
[APK] (SA No.123/2022) Page 2 of 2
Milan Bhaskar Naidu
Axis Bank
DRT AUS
As recorded by the court registry
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