In a securitisation application, the applicant alleged technical glitches prevented extending a bid. The Debts Recovery Tribunal found the bank's reply showed the process was smooth and dismissed the application as devoid of merits.
Securitisation Application N. 103/2024 dismissed; all pending interlocutory applications disposed off.
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
| 13.06. Sr. No |
2024 .27 SA No. 103/2024 |
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|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITISATION APPLICATION NO. 103/2024 | ||
| Aasawa Brothers Corporate Avaenue ..Applicant Versus Union Bank of India & others. ..Respondent Mr. K.J. Suryawanshi – Advocate for the applicant. Mr. A.A. Mishra – Advocate for the respondent no.1. Mr. Aditya Sikchi – Advocate for the Auction Purchaser. None for the respondent no.2. The matter is taken through Hybrid. |
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| 1. This Securitisation Application has been moved by the applicant claiming he is one of the participants in the bid and submitted that due to technical glitches he could not extend his bid. 2. The respondent bank has filed the reply alongwith the bid- sheet that there were no technical glitches and as such the |
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| foundation of the Securitisation Application itself is bad in law. 3. The counsel for the applicant argues the Securitisation Application and strongly contended his points. However the reply filed by the bank alongwith bidsheet shows the bidding process was smooth and no glitches were there. 4. Thus, Securitisation Application is devoid of merits and as such liable to be dismissed with no order as to costs. |
[SBJ] (SA No.103/2024) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
ORDER
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.103/2024) Page 2 of 2
Aasawa Brothers Corporate Avenue
Union Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
