A securitisation application was disposed of after the applicant and respondent bank settled the debt, paid the amount, and executed a release deed, without providing written instructions to withdraw the application.
The Securitisation Application No.255/2022 and all pending interlocutory applications stood disposed of without imposing 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, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 10.0 Sr. |
4.202 No.22 |
3 SA No.255/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.255/2022 | ||
| Yashwant Sonyabapu Dhamne ..Applicant Versus Nagar Urban Co-Operative Bank ..Respondent Mr. S.V. Adwant– Advocate for the Applicant. Mr. S.R. Deshpande – Advocate for the Respondent. The matter is taken through Video Conference. 1. In this matter the settlement was arrived at. Entire amount has been paid. Release deed has been issued. 2. The counsel for the applicant submits that he cannot withdraw he Securitisation Application because there is no written instructions. 3. The averments made above are confirmed by the counsel for the respondent-bank also who also says no written instructions are received by him too. 4. In these circumstances I have left with no option but to |
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| dispose of the matter because both the parties are requesting for keeping this matter pending despite having settled, received the money, executed the release deed. However, at the request of parties I am not imposing costs, otherwise heavy cost should be imposed the matter stands disposed off. 5. In view of the above I pass the following order through video conferencing. ORDER |
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| A. The Securitisation Application No.255/2022 stands |
[SBJ] (SA No.255/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
disposed off.
B. All pending interlocutory applications also stand disposed off.
C. File be consigned to the record room.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.255/2022) Page 2 of 2
Yashwant Sonyabapu Dhamne
Nagar Urban Co-Operative Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
