Applicant challenged the sale notice in a securitization application noting lack of bids. Tribunal dismissed the application as infructuous and disposed of interlocutory applications.
Securitisation Application No.220/2023 dismissed as infructuous; all interlocutory applications disposed off.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 2 S |
9.01.2 r. No.5 |
024 3 SA No.220/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| SECURITIZATION APPLICATION No.220/2023 | ||
| Vaidyanath Sahakari Sakhar Karkhana Limited ..Applicant Versus Union Bank of India ..Respondent None for the applicant. Mr. A.A. Mishra – Advocate for the respondent bank. The matter is taken through Video Conference. 1. In this matter the learned counsel for the respondent bank appears and submits that the reply is filed on record. 2. The learned counsel for the respondent bank further submits that the applicant has challenged the sale notice. The respondent bank has not received the bids and as such the Securitisation Application has become infructuous in respect of the sale notice. 3. I have heard the learned counsel for the respondent bank. 4. In view of the above, I pass the following order through video conferencing: ORDER A. The Securitisation Application No.220/2023 stands dismissed as infructuous. B. Accordingly al the interlocutory applications stand disposed off. C. File be consigned to the record room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.220/2023) Page 1 of 1
Vaidyanath Sahakari Sakhar Karkhana Limited
Union Bank of India
Vimal Gupta
As recorded by the court registry
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