This order disposed of a securitisation application where the applicant sought restoration of possession. The Tribunal directed the applicant to deposit Rs. 92,000 along with other dues to trigger restoration.
Application disposed; applicant directed to deposit Rs. 92,000 plus other dues for restoration of possession.
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 Sr |
.09.202 . No.17 |
3 SA No.54/2023 |
|---|---|---|
| Classifica tion |
No. of Exh. |
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| SECURITIZATION APPLICATION No.54/2023 | ||
| Satish Gautam Nikam ..Applicant Versus Bandhan Bank Limited ..Respondent Mr. Shirish Kamble – Advocate for the applicant Mr. S.W. Munde – Advocate for the respondent. The matter is taken through VC. 1. In this matter the learned counsel for the applicant submits that the respondent bank has taken possession and as per the orders of the Tribunal Rs.4,50,000/- (Rupees Four Lacs Fifty Thousand only) has been deposited but no instalments have been paid. 2. The learned counsel for the respondent bank submits that the account can be regularised only if Rs.92,000/- (Rupees |
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| Ninety-Two Thousand only) are paid and further instalments are paid regularly. |
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| 3. In these circumstances, the counsel for the applicant seeks four weeks’ time to pay Rs.92,000/- (Rupees Ninety-Two Thousand only). |
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| 4. The learned counsel for the respondent bank submits that if the applicant pays Rs.92,000/- (Rupees Ninety-Two |
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| Thousand only) alongwith other instalments due, the |
[SBJ]
(SA No.54/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| possession may be restored. |
|---|
| 5. In these circumstances, let the applicant deposit |
| Rs.92,000/- (Rupees Ninety-Two Thousand only) alongwith other instalments due. |
| 6. On the above payment of the amount, the respondent has undertaken to restore the possession. |
| 7. In view of this, I pass the following order through video conferencing. ORDER |
| A. The Securitisation Application No.54/2023 stands disposed off. |
| B. Let the applicant deposit Rs.92,000/- (Rupees Ninety- Two Thousand only) alongwith other instalments due. C. On the above payment of the amount, the respondent has undertaken to restore the possession. |
| D. Accordingly all the interlocutory applications stand |
| disposed off. |
| E. File be consigned to the record room. |
| The parties may download the order from the official web-site. |
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ]
(SA No.54/2023) Page 2 of 2
1 issue framed by the court
Whether to restore possession of secured asset upon payment of outstanding dues.
Satish Gautam Nikam
Bandhan Bank Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
