Sagar Fruit Company applied for securitization. Due to a clerical error in the guarantor's name in the notice, the bank obtained an incorrect district magistrate order. The Deputy Registrar dismissed the application, directing the bank to issue a corrigendum and proceed further.
Application dismissed; Bank directed to issue corrigendum.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
| 24.1 Sr. |
1.202 No.95 |
3 SA No.298/2023 |
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| Classifi cation |
No. of Exh. |
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| SECURITIZATION APPLICATION No.298/2023 Sagar Fruit Company ..Applicant Versus State Bank of India ..Respondent Mr. S.R.Vakil h/for Mr. J.K.Bansod – Advocate for the Applicant. Mr. A.L.Mulay – Advocate for respondent bank The matter is taken through Video Conference/hybrid. 1. The learned counsel for the applicant respondent bank submits that they obtained the order from Ld. District Magistrate in the in-correct name though it is admitted that the name of the guarantor is wrongly mentioned in the notice issued to the guarantors. 2. When the bankers already realize the mistake while filing the application before the Ld. District Magistrate, they should have very well gone for the correction of the notice itself by issuing a corrigendum. |
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| 3. In view of the above, I pass the following order through video conferencing. ORDER A. The Securitisation Application No.298/2023 stands disposed of. |
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| B. Accordingly, all the Interlocutory Applications stand disposed off. C. The bank to issue corrigendum an after issuance of the same they may proceed further. D. Consign the file to the Record Room and orders be uploaded on official web-site. |
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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK]
Vimal Gupta
As recorded by the court registry
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