Application seeking restraint on possession taking by the bank due to lack of reply to settlement proposal was dismissed. The applicant failed to challenge the SARFAESI measure or raise grounds under Section 17.
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| 17/10/2023 | Ex. No. |
Before Presiding Officer Dr. Rekha G. Dhakar, DRT-1, Mumbai. Roznama in SA 200 of 2023 Iskan Associates Vs Bharat Co-operative Bank Mumbai Limited |
Next date |
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| Advocate Smit Shah appeared for the Applicant. |
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| Advocate Rajesh Nagory i/b Advocate Sanjana Ghogare appeared for the Respondent. Ld. Counsel for the Applicant submits that despite giving proposal for settlement, the Bank did not give reply on the same therefore, Respondent Bank may be restrain from taking possession. Ld. Counsel for the Respondent objected on the same. Ld. Counsel for the Applicant did not raise any ground of challenge under Section 17 of the SARFAESI Act, 2002 therefore, IA No. 3059/2023 and 3062/2023 are hereby dismissed. SA |
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| Applicant has not challenged any SARFAESI |
measure in the present SA, therefore, the same is also hereby dismissed. File be closed and consigned to record room. P.O. DRT-I
Sgj/-2
Iskan Associates
Bharat Co-operative Bank Mumbai Limited
Dr. Rekha G. Dhakar
As recorded by the court registry
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