In SA No.7 of 2023, the Debts Recovery Tribunal disposed of the Securitisation Application where the secured creditor withdrew the 13(2) notice, rendering the application infructuous.
Securitisation Application No.7 of 2023 and pending Interlocutory Applications disposed of with no order as to costs.
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 No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
ORDER SHEET
11.01.2023 Sr. No.906
| SA No.7 of 2023 | ||
|---|---|---|
| - | of | M/s. Maanya Impex & Ors. |
| classifi cation |
No. Exh. |
Vs. Saraswat Co-op. Bank Ltd. |
| Mr Rajesh Nagori i/b Ms Sanjana Ghogare – Advocate for the applicants. Mr Vivek Phadke – Advocate for defendant. |
||
| 10 | 1. Mr Phadke, representing the defendant bank, has presented pursis (exhibit-10) stating that the secured creditor withdrew the 13(2) notice dated 30thJanuary 2020. Mr Phadke drew the Tribunal’s attention to the e-mail sent by the secured creditor to the borrowers |
|
| in this regard. Mr Phadke submits that upon | ||
| withdrawal of 13(2) notice, Securitisation Application has become infructuous. Based on the submission made by Mr Phadke, Mr Nagori submits that the Securitisation Application be disposed of. 2. Accordingly, Securitisation Application No.7 of 2023 stands disposed of with no order as to costs. 3. All pending Interlocutory Applications stands disposed of. Sd/- Presiding Officer, DRT-2, Mumbai |
Radhika
M/s. Maanya Impex & Ors.
Saraswat Co-op. Bank Ltd.
Presiding Officer
As recorded by the court registry
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