The Debts Recovery Tribunal disposed of the securitisation application. The applicant was directed to deposit Rs. 1.80 lakh to regularize the account with a deferral of possession date and time granted for negotiation.
Deposit of Rs. 1,80,000 to adjust in book liability; possession deferred by one month; time granted for negotiation.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 20.03. Sr. No |
2024 .01 SA No. 05/2024 |
|
|---|---|---|
| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION NO.5 of 2024 Salim Sayed Tamboli ..Applicant Versus Osmanabad Janata Sahakari Bank Ltd. . ..Respondent Mr. R.D. Khadap - Advocate for the applicant. Mr. S.B. Choudhari - Advocate for the respondent-bank. The matter is taken through Hybrid. 1. In this matter the learned counsel for the respondent bank appears and submits that if the applicant deposits Rs.1,80,000/- (Rupees One Lac Eighty Thousand only) his account will be regularised and he can continue with the equal monthly installments till November-2025 which is the original term. 2. The counsel for the applicant should deposit Rs.1,80,000/- (Rupees One Lac Eighty Thousand only) to regularise his account or can get the matter settled with the respondent bank by making a short payment on 30thMarch, 2024. This Securitisation Application shall be disposed off. 3. In view of the above, I pass the following order. ORDER |
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| A. The Securitisation Application No.05/2024 stands disposed off. |
[SBJ] (.SA No.05 of 2024) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
B. The amount of Rs.1,80,000/- (Rupees One Lac Eighty Thousand only) deposited by the applicant shall be adjusted in the book liability.
C. The sufficient time will be granted to the applicant to negotiate with the bank
D. The date of possession shall be deferred by one month. E. File be consigned to the record room.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (.SA No.05 of 2024) Page 2 of 2
Salim Sayed Tamboli
Osmanabad Janata Sahakari Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
