Debts Recovery Tribunal disposed of a securitization application where the applicant sought interest relief. The court directed the applicant to approach the bank with a settlement letter and dismissed all interlocutory applications.
Applicant directed to approach respondent bank with proper settlement letter.
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
| 2 S |
0.11.20 r. No.7 |
23 4 SA No.438/2022 |
|---|---|---|
| Classif ication |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.438/2022 Shri Rahul s/o Anil Chaudhari ..Applicant Versus Axis Bank ..Respondent Mr. R.D. Sakhare - Advocate for the applicant. Mr. Wasif Shaikh a/with Mr. M.D. Narwadkar – Advocate for the respondent-bank. The matter is taken through VC. 1. In this matter the learned counsel appearing on behalf of the applicant submits that the respondent has not given the Covid moratorium nor any relief for the covid period has been given. |
||
| 2. The account was declared NPA on 11thNovember, 2020. The 13(2) notice has been issued on 24thApril, 2021. He submits that he has deposited Rs.4,00,000/- (Rupees Four Lacs only). The said amount will be adjusted in the book liability. He submits that if the bank should give some concession. 3. The respondent bank is to consider the request of the applicant and grant him some interest concession and charge interest on simple instead of compounding, consider giving him some concession, charge simple interest. 4. In view of this let the applicant approach the respondent bank with proper settlement letter. |
[SBJ] (SA No.438/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 5. In view of the above, video conferencing. |
I pass the following order through ORDER |
|---|---|
| A. The Securitisation disposed off. |
Application No.438/2022 stands |
| B. Let the applicant ap proper settlement lette |
proach the respondent bank with r. |
| C. Accordingly all the disposed off. |
interlocutory applications stand |
| D. File be consign to the | record room. |
Debts Re |
(Vimal Gupta) Presiding Officer covery Tribunal, Aurangabad |
[SBJ] (SA No.438/2022) Page 2 of 2
Shri Rahul s/o Anil Chaudhari
Axis Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
