Disposed

Atul Sureshrao Gargade v. State Bank of India

DRT19 Jul 2023SA/170/2022

Case brief

AI extract

What is this about?

In a securitisation application, the applicant challenged an impugned order but later admitted the bank had obtained physical possession of their property. The court held the application was infructuous due to this change in title/possession and disposed of it with liberty to file a fresh application.

What did the court decide?

Securitisation Application No. 170/2022 disposed of as infructuous. All pending IAs and interim orders disposed of accordingly.

Atul Sureshrao Gargade versus State Bank of India — Banking and Recovery | DRT (2023)

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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	19.07. Sr. No	2023 .52 SA No. 170/2022
Classific ation	No. of Exh.
		SECURITISATION APPLICATION No. 170/2022 Atul Sureshrao Gargade ..Applicant Versus State Bank of India ..Respondent Mr. S.A. Nandure – Advocate for the applicant. Mr. A.L. Muley – Advocate for the respondent bank. The matter is taken through Video Conference. 1. The learned counsel for the applicant submits that they have challenged only the order passed by the Ld. District Magistrate. However the bank has taken the physical possession of the property of the applicant as such the Securitisation Application becomes Infructious and request to dispose of the same with liberty to file a fresh. 2. In view of the above, I pass the following order. ORDER
		A. The Securitisation Application No.170/2022 stands disposed of as Infructious. B. All pending IA in the proceeding if any are disposed of accordingly. Interim orders if any also stands vacated.
		C. File be consigned to the record room. The parties may download the order from the official web-site.
		(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[APK] (SA No.170/2022) Page 1 of 1

Atul Sureshrao Gargade v. State Bank of India

Case brief

What is this about?

What did the court decide?

Atul Sureshrao Gargade v. State Bank of India

Case brief

What is this about?

What did the court decide?

What the court decided

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