Disposed

Ballers International Hospitality Pvt. Ltd. through its Director Ankur Kailashchand Maheshwari v. Bharat Cooperative Bank Mumbai Limited

DRT5 Apr 2024SA/419/2023

Case brief

AI extract

What is this about?

The DRT disposed of a securitisation application by the bank against the borrower after the bank submitted that the loan account was fully cleared, title deeds returned, and SARFAESI action closed, resulting in no order as to costs.

What did the court decide?

Securitisation Application disposed of with no order as to costs.

What the court decided

Ballers International Hospitality Pvt. Ltd. through its… — Banking and Recovery | DRT (2024)

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER) ORDER SHEET

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05.04.2024 Sr. No.9

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SA No.419 of 2023

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classifi -cation	No. of Exh.	Ballers International Hospitality Pvt. Ltd. Vs. Bharat Co-op. Bank Mumbai Ltd.
		None for the applicant. Ms Sanjana Ghogare – Advocate for defendant.
		1. Ms Ghogare, representing the secured creditor, submits that the applicant has paid the entire outstanding amount of Rs.16.04 lakhs and therefore, the Securitisation Application in its present form became infructuous. The learned counsel further submits that the original title deeds are handed to the borrower. The action and measures under the SARFAESI Act stand closed.
		2. Based on the statement made by Ms Ghogare, the Securitisation Application No.419 of 2023 in its present form does not survive and stands disposed of with no order as to costs.
		3. Pending Interlocutory Applications, if any, stands disposed of.
		Sd/- Presiding Officer, DRT-2, Mumbai

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Radhika

Ballers International Hospitality Pvt. Ltd. through its Director Ankur Kailashchand Maheshwari v. Bharat Cooperative Bank Mumbai Limited

Case brief

What is this about?

What did the court decide?

What the court decided

Ballers International Hospitality Pvt. Ltd. through its Director Ankur Kailashchand Maheshwari v. Bharat Cooperative Bank Mumbai Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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