The Debts Recovery Trib in Mumbai dismissed an interlocutory application challenging a secured creditor's notice and possession. The applicant subsequently endorsed that no reliefs were being pressed in the main securitization application, which was also dismissed with no order as to costs.
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 No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER)
Sr. No.910
INTERLOCUTORY APPLICATION No.204 of 2023 In
SECURITISATION APPLICATION NO.98 of 2023
Jagruti Dhruv … Applicant Versus Punjab National Bank … Defendant
Mr Sonappa Krishna Nandrankar – Advocate for the applicant. Ms Savita Nangare – Advocate for defendant.
Shri Deepak M. Thakkar Presiding Officer,th March 2023.
ORDER
Page 1 of 3
Application. The applicant received the 13(2) notice on 4th August 2022. Ms Nangare further submits that the Securitization Application in its present form is not maintainable as there is no challenge to the sale notice dated 2nd February 2023 published on 5th February 2023 and the auction which is scheduled on 10th March 2023.
Sd/-
(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai
Radhika
Page 2 of 3
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
ORDER SHEET
09.03.2023 Sr. No.910
SA No.98 of 2023
| classifi -cation |
No. of Exh. |
Jagruti Dhruv Vs Punjab National Bank |
|---|---|---|
| Mr Sonappa Krishna Nandrankar – Advocate for the applicant. Ms Savita Nangare – Advocate for defendant. |
||
| 8 | 1. The learned counsel for defendant has presented | |
| reply affidavit (exhibit-8), which is taken on record. |
||
| 2. Order in Interlocutory Application No.204 of 2023 passed separately. |
||
| 3. The applicant’s counsel has made an endorsement on the Securitization Application that the applicant does not press for the orders |
||
| and relief in the Securitization Application. Hence, Securitization Application No.98 of 2023 stands dismissed with no order as to costs. |
||
| Sd/- Presiding Officer, DRT-2, Mumbai |
Radhika
Page 3 of 3
1 provisions across 1 enactments
Jagruti Dhruv
Deepak M. Thakkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
