The Tribunal disposed of Securitisation Application No.44/2023 as the property was sold and payment deposited, directing notice before proceeding and liberty to revive.
Application disposed; respondent to give 15 days' notice; applicant to be allowed to revive if proceeds without settlement.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 18 Sr |
.03.20 . No.31 |
24 SA No.44/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
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| SECURITISATION APPLICATION No.44/2023 R.T. Construction ..Applicant Versus The Khamgaon Urban Co-operative Bank Ltd. ..Respondent Mr. K.B. Deshpande – Advocate for the applicant. Mr. A.S. Bayas - Advocate for the respondent-bank. The matter is taken through hybrid. 1. In this matter property involved has already been sold. Payment has been deposited. Another account is also settled. This proceeding cannot be kept pending before this Tribunal. 2. In view of the above, I pass the following order. ORDER A. The Securitisation Application No.44/2023 stands disposed off. B. The respondent bank shall give 15 days’ prior notice before proceeding under securitisation if no settlement arrived at. C. The applicant is at liberty to revive this proceeding in case the respondent bank proceeds and no settlement is arrived at. D. File be consigned to the record room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ]
(SA No.44/2023) Page 1 of 1
R.T. Construction
The Khamgaon Urban Co-operative Bank Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
