Application for security waiver settled. Applicant deposited part of amount and accepted OTS proposal before the Debts Recovery Tribunal.
Application disposed of as settled; Bar on respondent bank to proceed further with proceedings.
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 |
0.03.2 r. No. |
023 25 SA No.299/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
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| SECURITIZATION APPLICATION No.299/2022 | ||
| Deepak Devendra Jagtap ..Applicant Versus The Malkapur Urban Co-Op bank Ltd. ..Respondent Mr. P.B Paithankar - Advocate for the applicant. Mr. S.B. Gorde – Advocate for the respondent. The matter is taken through VC/hybrid. 1. The learned counsel for the applicant submits that on last date there was direction to deposit an amount of Rs.10,00,000/- however, the respondent bank has issued a letter for OTS for an amount of Rs.17,85,000/-. 2. The learned counsel for the applicant further submits that the OTS proposal is accepted by the applicant and has handed over a cheque of Rs.5,00,000/- with the respondent bank. 3. In view of the above, I pass the following order: ORDER |
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| A. The Securitisation Application No.299/2022 stands disposed off as settled. |
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| B. Since the matter is settled the respondent bank may not proceed further with the proceeding. C. All pending IA in the proceeding, if any are disposed of accordingly. D. File be consigned to the record room. The parties may download the order from the official web-site. |
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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK] (SA No.299/2022) Page 1 of 1
Deepak Devendra Jagtap
The Malkapur Urban Co-Op Bank Ltd.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
