The Debts Recovery Tribunal dismissed the respondent bank's securities application and disposed of pending interlocutory applications due to the bank's liquidation status.
Securitization Application No.191/2022 dismissed; all pending interlocutory applications disposed off.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
07.09.2023
| Sr. | No.27 | SA No.191/2022 |
|---|---|---|
| Classific ation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.191/2022 M/s K. S. Industries Through its Partners Sanjay Dattatray Lavand ..Applicant Versus The Malkapur Urban Co-op Bank Ltd. ..Respondent Mr. R. D. Sakhare - Advocate for the applicant. Mr. K. B. Deshpande – Advocate for the respondent-bank. The matter is taken through Video Conference. 1. In this matter the counsel for the applicant submits that the respondent bank has issued the demand notice dated 19thJanuary, 2021. The respondent bank has taken symbolic possession on 07thMarch, 2022. The applicants not received possession notice from the respondent bank. 2. In this matter the reply has not filed by the respondent bank. |
||
| 3. As per the ordersheet dated 05thAugust, 2023, the | ||
| Registrar has recorded that “the counsel for the respondent submits that the company is in liquidation due to which he is not able to proceed further”. |
||
| 4. In view of the above, I pass the following order through video conferencing: ORDER A. Securitisation Application No.191/2022 stands |
[SBJ] (SA No.191/2022) Page 2 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
dismissed.
B. All the pending interlocutory Applications stand
disposed off.
C. File be consigned to the record room.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.191/2022) Page 2 of 2
M/s K. S. Industries Through its Partners Sanjay Dattatray Lavand
The Malkapur Urban Co-op Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
