In this sanction application, the Debts Recovery Tribunal at Patna heard arguments from the respondent bank regarding the upgradation of the applicant's account and the cessation of SARFAESI action.
The sanction application dismissed as infructuous along with pending applications; interim order vacated.
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| Date of order or proceeding |
DEBTS RECOVERY TRIBUNAL, PATNA Order with the Signature of the Court |
Office actio; taken with dat |
|---|---|---|
| SA 207 of 2023 | ||
| 21.07.2023 | Ld. counsel Shri S.S. Thakur for respondent bank has informed that the account has been upgraded. Hence the S. application has become infructuous. In view of the circumstances and on the basis of statement it appears that after up-gradation of the account the respondent bank does not continuing with the SARFAESI Action against the applicant any more. Accordingly the present S. application is dismissed as infructuous alongwith all pending lAs if any. Interim order if any stands vacated. |
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| Order to be uploaded on the Tribunal's website Patna (Kaushalendra Yadav Presiding Officer |
2 issues framed by the court
Whether the Sanction Application under SARFAESI Act is infructuous due to account upgrade.
Whether the applicant is entitled to continuing SARFAESI action against the respondent bank.
unspecified applicant
respondent bank
Kaushalendra Yadav
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
