Dismissed

Rajendra Jethmal Sabu v. Motiram Agrawal Jalna Merchants Co. Operative Bank Ltd. Jalna

DRT15 Sept 2023SA/237/2023

Case brief

AI extract

What is this about?

DRT Aurangabad decided on securities application No.237/2023. Applicant sought modification of notice issued by respondent bank regarding mortgaged property purchased by applicant. Tribunal declined to interfere, dismissing the application.

What did the court decide?

Securitisation Application disposed off; all pending IAs disposed of accordingly.

Rajendra Jethmal Sabu versus Motiram Agrawal Jalna Merchants… — Banking and Recovery | DRT (2023)

¶1

IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

¶2

15. Sr.	09.20 No.0	23 8 SA No.237/2023
Classific ation	No. of Exh.
		SECURITISATION APPLICATION No.237/2023
		Rajendra Jethmal Sabu ..Applicant Versus Motiram Agrawal Jalna Merchants Co- operative Bank Ltd. ..Respondent/s Mr. A.A. Mishra - Advocate for the applicant. Mr. Bobby Agrawal - Advocate for the respondent(s). The matter is taken through Video Conference. 1. In this matter the applicant is a subsequent purchase of the property. The property was mortgaged to the respondent no.1 by respondent no.2.
		2. The applicant submits that they have taken the loan from the respondent no.9 and the verification of the document
		was done by the respondent no.1. 3. Admittedly this property which is mortgaged purchased by them and if respondent no.9 has not done proper due diligence it is them to face the consequences.
		4. The respondent no.1 cannot be put in jeopardize for the mistake of respondent no.9 or the applicant. If the applicant has no grievance, it is against the respondent no.2, he can take appropriate action against them.

¶3

[SBJ]

¶4

(SA No.237/2023) Page 1 of 2

¶5

IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

¶6

In these circumstances, the Tribunal is not inclined to
interfere notice issued by the respondent no.1.
6. In view of the above, I pass the following order through
video conferencing.
ORDER
A. The Securitisation Application No.237/2023 stands
disposed off.
B. All pending IA in the proceeding if any are disposed of
accordingly.
C. File be consigned to the record room.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad

¶7

[SBJ] (SA No.237/2023) Page 2 of 2

Rajendra Jethmal Sabu v. Motiram Agrawal Jalna Merchants Co. Operative Bank Ltd. Jalna

Case brief

What is this about?

What did the court decide?

Rajendra Jethmal Sabu v. Motiram Agrawal Jalna Merchants Co. Operative Bank Ltd. Jalna

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Union Bank of India versus M/s Sai Fresh Milk Agro and Food Products

Bank of Baroda versus Mr. Dattatray Tabaji Kolase

Trimar Abrasives versus Canara Bank

Union Bank of India versus Shree Ganesh Electricals

Jogeshwari Pharma versus State Bank of India

Pushpa Vijay waghmare versus Cholamandalam Investment and Finance Company Limited