Dismissed

Lucky Poultry v. a U Small Finance Bank Limited

DRT18 Jul 2023SA/82/2023

What the court decided

AI extract

Outcome

Dismissed

Lucky Poultry versus a U Small Finance Bank Limited — Banking and Recovery | DRT (2023)

IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)

ORDER SHEET

¶3

18.0 Sr.	7.202 No.73	3 SA No.82/2023
Classifi cation	No. of Exh.
		SECURITIZATION APPLICATION No.82/2023 Lucky Poultry through its Proprietor Shaikh Iqbal Sk. Ameen and others ..Applicants Versus AU Small Finance Bank Ltd. and another ..Respondents None for the applicant. Mr. U.N. Shete – Advocate for the respondent. The matter is taken through Video Conference. 1. In this matter the learned Tribunal has passed conditional orders to deposit Rs.3,00,000/- (Rupees Three Lacs only) on 16^thMarch, 2023 and Rs.2,00,000/- (Rupees Two Lacs only) on 30^thMarch, 2023 is totally non-compliance of these orders. The respondent cannot be put on hold to wait. The account has already gone Non-Performing Asset. The steps which are taken by the banks are getting stayed on the statement of the counsel being made on behalf of the clients. Clients do not honour the statements of the counsel. 2. In view of the above, I pass the following order through video conferencing.
		ORDER A. The Securitisation Application No.82/2023 stands dismissed for non-compliance of the orders.
		B. All the pending Interlocutory Applications stands disposed off. C. File be consigned to the record room.
		(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

[SBJ] (SA No.82/2023) Page 1 of 1