Debts Recovery Tribunal Aurangabad disposed of the Securitisation Application No.16/2022. Liberty was granted to the applicant to revive the application if the bank proceeds ahead. The respondent bank was directed to issue a 15 days notice before taking possession.
The respondent bank shall issue 15 days' notice before taking the possession.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, AT AURANGABAD)
ORDER SHEET
16.01.2024
| S | r. No. | 38 SA No.16/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.16/2022 | ||
| Sunder Heritage ..Applicant Versus The Malkapur Urban Co-Op. Bank Ltd. ..Respondent Mr. P.P. Phadnis h/for Mr. S.V. Adwant - Advocate for the applicant. Mr. K.B. Deshpande – Advocate for the respondent. The matter is taken through Video Conference. 1. The Securitisation application has to be disposed off with the liberty to the applicant to revive the same as the Liquidator is appointed but has not taken charge. |
||
| 2. In view of the above, I pass the following order through video conferencing: ORDER 3. Securitisation Application No.16/2022 stands disposed off with liberty to the applicant to revive the same in case the respondent bank proceeds ahead. |
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| 4. The respondent bank shall issue 15 days’ notice before taking the possession. 5. File be consigned to the record room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.16/2022) Page 1 of 1
Sunder Heritage
The Malkapur Urban Co-Op. Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
