In a Securitisation Application, the Tribunal dismissed the application as the applicant failed to show discrepancies in the E-Auction process. Pending interlocutory applications were disposed accordingly.
Securitisation Application No.139/2024 dismissed; pending interlocutory applications disposed.
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
| 22 Sr |
.04.20 . No.1 |
24 0 SA No.139/2024 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| 05 | SA No.139/2024 M/s. Ubale Collection ..Applicants Versus Aditya Birla Finance Limited (ABFL) ..Respondent Mr. R.D. Sakhare – Advocate for the applicant. Mr. Anil Kumar – Advocate for the respondent. The matter is taken through Hybrid. 1. Service Affidavit (Exhibit-05) filed by the applicant, which is taken on record. 2. In this matter the purchaser of the property has not been made party. 3. Despite the knowledge, the purchaser has not been made party. It is reflected from the earlier order passed in the earlier Securitisation Application that the property is already sold. So far as the sale notice dated 20-02-2024 is concerned the challenge to the s ale is not within limitation. 4. The counsel for the applicant is unable to point out any discrepancies in the conduct of the auction on 29thMarch, 2024 but he has only challenged the sale notice dated 20thFebruary, 2024 and the E-Auction has conducted on 29thMarch, 2024. 5. Challenge to sale notice is not within limitation. So far as E-Auction conducted on 29thMarch, 2024 is concerned he is unable to point out any discrepancies except saying that E-Auction has been conducted at a lesser value. |
[SBJ] (SA No.139/2024) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.139/2024) Page 2 of 2
1 issue framed by the court
Whether the challenge to the E-Auction conducted on 29th March 2024 and sale notice dated 20th February 2024 warrants allowing the Securitisation Application.
Aditya Birla Finance Limited (ABFL)
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
