The Debts Recovery Tribunal dismissed a miscellaneous application filed by the applicant regarding an alleged presumption of account closure. The court held the application burdened and imposed a fine of Rs. 10,000.
Dismissed the miscellaneous application by the applicant and imposed a fine of Rs. 10,000 payable to the DRT Bar Association, Jaipur.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 12
Case No.MA/148/2025 IN OA/63/2024
UNION BANK OF INDIA Vs ACHARYA MAHAVIR
Date: 23.09.2025.
Proceedings through hybrid mode Present:
Shri Mohit Choudhary, Counsel for the Applicant
In this matter, counsel for the applicant submits that it has come that the account stands settled and in general parlance, it is presumed that the account is closed. The Tribunal fails to understand that from where this presumption comes. Nowhere, the Tribunal has stated that account is closed, even it is regularized, it is settled after which it is getting settled.
Such type of Misc. Application being filed which is burdened to this Tribunal and the same is dismissed with a cost of Rs. 10,000/- to be paid to the DRT Bar Association, Jaipur within one week.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Union Bank of India
Acharya Mahavir
Vimal Gupta
As recorded by the court registry
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