In SA No. 100/2023, the Aurangabad DRT dismissed the securitisation application after the respondent bank reported the account as closed and full payment received, ordering the release of security.
The respondent bank to release the security and the file to be consigned to the 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
09.01.2024
| Sr. | No. | 06 SA No. 100 / 2023 |
|---|---|---|
| Classific ation |
No. of Exh |
. |
| SECURITISATION APPLICATION NO.100 / 2023 Aakanksha Integrations ..Applicant Versus Union Bank of India .. Respondents Mr. M.M. Avhad - Advocate for the applicant Mr. A.A. Mishra - Advocate for the respondents. The matter is taken through Video Conference. 1. The learned counsel appearing for the respondent bank submits that 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, I pass the following order through video conferencing. ORDER |
||
| 1. As the account is closed and nothing remains to be paid the Securitisation Application No.100/2023 stands dismissed. 2. The respondent bank to release the security. 3. Consign the file to the Record Room. |
||
| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (.SA No.100 of 2023) Page 1 of 1
Aakanksha Integrations
Union Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
