The Debts Recovery Tribunal dismissed a securitization application initiated by Sushil Ganshyamdas Matra against Axis Bank for non-prosecution by the applicants, who were absent from the hearing.
Securitisation Application No.154/2022 dismissed; all interlocutory applications disposed off.
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
20.09.2023
Sr.No.63 SA No.154/2022
| Classifi cation |
No. of Exh. |
|
|---|---|---|
| SECURITIZATION APPLICATION No.154/2022 | ||
| Sushil Ganshyamdas Matra ..Applicants Versus Axis Bank ..Respondents |
||
| None for the applicants. Mr. M.M. Dabholkar – Advocate for the respondent bank The matter is taken through VC. 1. In this matter the learned counsel for the respondent bank submits that on 28thApril, 2022 there were certain directions passed by this Tribunal for deposit of Rs.5 Lacs (Rupees Five Lacs only) before the possession and Rs.10 Lacs (Rupees Ten Lacs only) within four weeks. Since then the said order has not been complied with. |
||
| 2. Today none appears for the applicants. It appears that the applicant is not interested in pursuing the matter. 1. In view of the above, I pass the following order through video conferencing. |
||
| ORDER | ||
| A. The Securitisation Application No.154/2022 stands dismissed for non-prosecution. B. Accordingly all the Interlocutory Applications stand disposed off. C. File be consigned to the record room. |
||
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.154/2022) Page 1 of 1
Axis Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
