Disposed

Balaji Kundalik Kokate v. Osmanabad Janata Sahakari Bank Ltd.

DRT18 Mar 2024SA/66/2023

Case brief

AI extract

What is this about?

The tribunal disposed of a securitization application where the applicant sought a stay on recovery due to a pending investigation under the Maharashtra Co-operative Societies Act. The order granted liberty to revive the application post-enquiry.

What did the court decide?

The securitization application was disposed of with liberty to the applicant to revive it after the enquiry is completed.

Balaji Kundalik Kokate versus Osmanabad Janata Sahakari Bank… — Banking and Recovery | DRT (2024)

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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	18.03. Sr. No	2024 . 67 Secu. Appln. No. 66/2023
Classific ation	No. of Exh.
		Securitization Application No. 66 of 2023 Balaji Kundalik Kokate Vs. The Authorized Officer, Osmanabad Janata Sahakari Bank Ltd. Mr. B.B. Bhise - Adv. for the applicant. Mr A.N. Irpatgire, Adv. for defendants. The matter is taken through Video Conference. 1. The Counsel for applicant submits that in this matter, the
		Commissioner under the Maharashtra Co-operative
		Societies Act, 1960 has ordered the investigation and the
		bank has been directed not to proceed for recovery of the
		amount under the Securitization Act till the enquiry is completed. The Counsel for the bank agrees with the said
		statement. 2. In view of above said statement, I pass the following order. O R D E R
		A. Secu. Appln. No. 66 of 2023 stands disposed of, with liberty
		to applicant to revive the same after enquiry is completed, if he so desires.

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[ Madkar ]

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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2 B. Pending Interim Applications, if any, in the proceedings are disposed of accordingly.

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C. Consign the file to the Record Room and the order be uploaded on the official web-site. ( Vimal Gupta ) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[ Madkar ]

Balaji Kundalik Kokate v. Osmanabad Janata Sahakari Bank Ltd.

Case brief

What is this about?

What did the court decide?

Balaji Kundalik Kokate v. Osmanabad Janata Sahakari Bank Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

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