The Debts Recovery Tribunal disposed of the Securitisation Application No.387/2022 as infructuous by consent of the applicant, noting that the possession sought in the application was never taken.
The Securitisation Application No.387/2022 stands disposed off as infructuous.
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
| 11.07. Sr. No |
2023 .47 SA No.387/2022 |
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|---|---|---|
| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.387/2022 Shri Vinod Hemchandra Narkhede ..Applicants Versus Axis Bank ..Respondents Mr. R.D. Sakhare – Advocate for the applicant. Mr. M.G. Narwadkar - Advocate for the respondent-bank. The matter is taken through VC. 1. In this matter the learned counsel for the applicant submits that they have approached the respondent-bank for settlement. It appears that the Securitisation Application has become infructuous because it was filed for the possession to be taken which has not been taken. Let them approach the respondent-bank for settlement. There is no denial the loan has been taken. Repayment has not been made. 13(2) and 13(4) were served properly. There is no discrepancies in this matter. The possession has not been taken this Securitisation Application has become infructuous and as such disposed of accordingly. 2. In view of the above, I pass the following order through video conferencing. |
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| ORDER A. The Securitisation Application No.387/2022 stands disposed off as infructuous. B. File be consigned to the record room. |
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| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (Diary No.387/2022) Page 1 of 1
Shri Vinod Hemchandra Narkhede
Axis Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
