This order in a securitisation application dismissed the applicant's plea, finding no merit once the applicant failed to engage, thereby stopping any recovery obstruction. The file was consigned to the record room.
The Securitisation Application No.273/2022 and all interlocutory applications stand dismissed.
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
16.01.2024
Sr. No.28 SA No.273/2022
| Classific ation |
No. of Exh. |
|
|---|---|---|
| SECURITISATION APPLICATION No.273/2022 | ||
| Shaikh Hamed Mohammed Abdul Majeed ..Applicant Versus Punjab National Bank ..Respondent None for the applicant. Mr. D.Y. Nandedkar - Advocate for the respondent. The matter is taken through Video Conference. 1. In this matter the learned counsel appearing for the respondent-bank submits that there is no irregularity in initiating the action against the respondent bank. There is no repayment is being made despite efforts made to settle the matter through the Lok Adalat. 2. The applicant is not coming forward. The Tribunal finds no merit in the matter. The bank’s recovery cannot be stopped like this. |
||
| 3. In view of the above, I pass the following order through video conferencing: ORDER |
||
| A. The Securitisation Application No.273/2022 stands dismissed. |
||
| B. All interlocutory applications stand disposed off accordingly. |
||
| C. The file be consigned to the record room. | ||
| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.273/2022) Page 1 of 1
Shaikh Hamed Mohammed Abdul Majeed
Punjab National Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
