Debts Recovery Tribunal in Aurangabad disposed of a Securitisation Application (SA No.83/2023) after the respondent bank voluntarily withdrew the 13(2) notice and symbolic possession, leading to the summary termination of the application.
The Securitisation Application No.83/2023 stands disposed off; all pending interlocutory applications disposed off.
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
| 19. Sr. |
04.20 No.5 |
24 7 SA No.83/2023 |
|---|---|---|
| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.83/2023 Jayesh Industries and others ..Applicants Versus State Bank of India and another ..Respondents |
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| Mr. Aditya Sikchi – Advocate for the applicants. Mr. M.G. Deokate – Advocate for the respondent bank. The matter is taken through Hybrid. 1. In this matter the counsel for the respondent bank submits that the respondent bank has withdrawn 13(2) notice and consequently proceedings have been withdrawn. The symbolic possession also stands withdrawn. 2. In these circumstances this Securitisation Application does not survive and shall be disposed off. 3. In view of the above, I pass the following order. ORDER A. The Securitisation Application No.83/2023 stands disposed off. B. The applicant is advised to approach the bank for an amicable settlement. C. Accordingly all the pending interlocutory applications stand disposed off. D. File be consigned to the record room. |
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| (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (SA No.83/2023) Page 1 of 1
Jayesh Industries and others
State Bank of India
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
