It is an order dismissing a securitisation application by the Debt Recovery Tribunal at Aurangabad. The Court dismissed the application after finding that the account had been settled and the entire amount received by the bank, closing the account.
Securitisation application stands dismissed and file is consigned to Record Room.
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
| 20.09.2 Sr. No. |
023 48 SA No.388/2022 |
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|---|---|---|
| Classifi cation |
No. of Exh. |
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| SECURITIZATION APPLICATION No.388/2022 | ||
| Mohammaed Iqbal Kalidi & others ..Applicants Versus DCB Bank Limited. ..Respondents Mr. Vaibhav R. Patil - Advocate for the applicant through VC. Mr. D.K. Thote – Advocate for the respondent. The matter is taken through VC. 1. The learned counsel appearing for the applicant submits that the account has been settled with the respondent-bank and the entire amount has been received by the bank and the account is closed.He requests for disposal of the matter. 2. In view of the above statement made by the counsel for the applicant and confirmed by the counsel for the respondent- bank, I pass the following order through video conferencing. ORDER A. As the account is closed and nothing remains to be paid the Securitisation Application No.388/2022 stands dismissed. B. Consign the file to the Record Room. |
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| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] ( SA No.388/2022) Page 1 of 1
Mohammaed Iqbal Kalidi & others
DCB Bank Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
