Security Application No.230/2023 was disposed of as the applicant deposited the entire outstanding amount along with legal expenses. The account was declared closed and auction proceeds were ordered returned to bidders.
Securitisation Application disposed of; account closed; bidding proceeds returned to bidders.
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, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 1 S |
3.07.2 r. No. |
023 04 SA No.230/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.230/2023 | ||
| Rajdeep Cotton Industries ..Applicant Versus Union Bank of India ..Respondent/s Mr. K. J. Suryawanshi - Advocate for the applicant. Mr. A.A. Mishra – Advocate for the respondent-bank. The matter is taken through VC. 1. The learned counsel for the applicant submits that he has moved application saying that he has deposited entire amount alongwith the legal expenses, the same is confirmed by the counsel for the respondent-bank. Though he submits that the sale has also taken place but since the entire liability has been paid which have been taken by the respondent bank. |
||
| 2. In these circumstances the Securitisation Application is disposed off with the observations that this account stands closed. |
||
| 3. The counsel for the respondent-bank submits that there are two other accounts. |
||
| 4. In view of the above, I pass the following order through video conferencing. ORDER |
||
| A. The Securitisation Application No.230/2023 stands disposed off. |
[SBJ] (SA No.230/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.230/2023) Page 2 of 2
Rajdeep Cotton Industries
Union Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
