The Debts Recovery Tribunal dismissed a Securitisation Application for non-compliance with earlier court orders to deposit an amount and submit an OTPS proposal, though parties retain the option to settle.
The Securitisation Application No.83/2024 stands dismissed for non-compliance of the orders.
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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, AURANGABAD) ORDER SHEET
| 2 S |
1.03.2 r. No. |
024 95 S.A.No.83/2024 |
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| Classific ation |
No. of Exh. |
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| SECURITISATION APPLICATION No.83/2024 Mithun s/o Bharat Ohal .. Applicant Versus State Bank Of India & others .. Respondent Mr. Khadap R D - Advocate for the applicant. Mr. Arun Rakh – Advocate for respondent bank |
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| 1. The learned counsel for the respondent bank submits that the applicant has not complied with the earlier orders to deposit an amount of Rs. 6 lac and to give OTS proposal with the bank. 2. In view of the above, I pass the following order : ORDER A. The Securitisation Application No.83/2024 stands dismissed for non-compliance of the orders. B. The parties are not precluded to settle the matter if they wish to settle the matter. C. All pending IA in the proceeding, if any are disposed of accordingly. D. Consign the file to the Record Room and orders be uploaded on official web-site. |
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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK]
Mithun s/o Bharat Ohal
State Bank Of India
Vimal Gupta
As recorded by the court registry
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