Debts Recovery Tribunal recorded that the demand notice for the applicant was withdrawn and a fresh notice issued. Counsel submitted the application became infructuous. The court disposed of the Securitisation Application and pending IAs.
Securitisation Application No.240/2022 and all pending IAs stood disposed of.
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, AURANGABAD) ORDER SHEET
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5.01.2 r. No. |
024 87 S.A.No.240/2022 |
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| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.240/2022 Jai Bajrang Dal Mill ..Applicant Versus Canara Bank ..Defendants Mr.Karadkhedkar Archana - Advocate for the applicant. Mr. Mohan Jaiswal h/f Mr. P. N. Kapadiya - Advocate for defendants The matter is taken through Hybrid. 1. The learned counsel for the respondent submits that the demand notice on the basis of which the applicant has filed this securitisation application has been withdrawn and as such securitisation application becomes infructuous. 2. The learned counsel for the respondent further submits that the bank has issued fresh demand notice and the applicants have raised objections under section 13(3)A. 3. In view of the above, I pass the following order : ORDER |
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| A. The Securitisation Application No.240/2022 stands disposed of. |
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| B. All pending IA in the proceeding, if any are disposed of accordingly. |
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| C. Consign the file to the Record Room and orders be uploaded on official web-site. |
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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK]
1 issue framed by the court
Whether a securitisation application becomes infructuous if the demand notice is withdrawn and a fresh one issued with objections.
1 provisions across 1 enactments
Jai Bajrang Dal Mill
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
