The Debts Recovery Tribunal dismissed a securities application on non-prosecution after the applicants settled with the respondent bank, received the amount, and withdrew the application.
Securitisation Application No.367/2022 dismissed for non-prosecution; all pending IAs disposed of accordingly.
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
18.11.2023
Sr. No.07 SA No.367/2022
| Classifi cation |
No. of Exh. |
|
|---|---|---|
| SECURITIZATION APPLICATION No.367/2022 | ||
| M/s S.N.P. Agro Pvt. Ltd. and others ..Applicants Versus State Bank of India and another ..Respondents |
||
| 11 | Mr. V.B.Kulkarni - Advocate for the applicants. Mr. S.R.Deshpande – Advocate for the respondent bank The matter is taken through VC/hybrid. 1. Mr.S.R.Dahpande, Advocate appeared the respondent bank and has filed his vakalatnama (Exhibit-11) which is taken on record. |
|
| 2. The learned counsel appearing for the applicant submits that the matter has been settled between the parties and the entire amount has been received by the bank and the account is closed and applicant with the withdraw the Securitisation Application. |
||
| 3. In view of the above, I pass the following order through video conferencing: |
||
| ORDER | ||
| A. The Securitisation Application No.367/2022 stands dismissed for non-prosecution. |
||
| B. All pending IA in the proceeding, if any are disposed of accordingly. C. Consign the file to the Record Room and orders be uploaded on official web-site. |
||
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK] (SA No.367/2022) Page 1 of 1
M/s S.N.P. Agro Pvt. Ltd.
State Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
