Disposed

Santosh Vasantlal Shetiya v. Nagar Urban Co. Operative Bank

DRT20 Nov 2023SA/229/2022

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal, Aurangabad disposed of the Securitisation Application due to the cancellation of the respondent bank's license. The applicant was granted liberty to revive the matter if the liquidator is appointed or the bank decides to continue securitisation.

What did the court decide?

Securitisation Application dismissed with liberty to revive if liquidator is appointed or bank decides to continue securitisation.

Santosh Vasantlal Shetiya versus Nagar Urban Co. Operative Bank — Company and Corporate | 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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	20.11. Sr. No	2023 .14 SA No.229/2022
Classific ation	No. of Exh.
		SECURITISATION APPLICATION No.229/2022
		Santosh Vasantlal Shetiya ..Applicants Versus Nagar Urban Co-Operative Bank ..Respondents Mr. Harish Adwant h/for Mr. S.V. Adwant – Advocate for the applicant. Mr. S.R. Deshpande - Advocate for the respondent-bank. The matter is taken through VC. 1. In this matter the banking licence of the respondent bank has been cancelled. With consent this Securitisation Application stands disposed off. 2. In view of the above, I pass the following order through video conferencing. ORDER
		A. The Securitisation Application No.229/2022 stands disposed off with liberty to the applicant to revive the same in case the liquidator is appointed, and the bank decides to continue with the securitisation action or take steps under securitisation. B. File be consigned to the record room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[SBJ] (SA No.229/2022) Page 1 of 1

Santosh Vasantlal Shetiya v. Nagar Urban Co. Operative Bank

Case brief

What is this about?

What did the court decide?

Santosh Vasantlal Shetiya v. Nagar Urban Co. Operative Bank

Case brief

What is this about?

What did the court decide?

What the court decided

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