Application moved for restoration of a dismissed Securitization Application due to applicant's absence for two consecutive dates. Court refused restoration due to lack of ground, granting liberty to file a fresh application.
Application disposed of; applicant at liberty to file fresh Securitization Application.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 3
Case No.MA/70/2025 IN SA/688/2023
SHRI SHAHJAD UDDIN Vs AADHAR HOUSING FINANCE LIMITED
Date: 19.07.2025.
Proceedings through hybrid mode Present:
Shri Rishiraj Maheshwari, Counsel for the Applicant
Shri Rajpal Dhankar, Counsel for the Respondent Bank/FI
This Misc. Application moved by the applicant for restoration the SA which was dismissed in default as the applicant absent for continuous two dates. There is no ground to restore the Securitization Application, however, the applicant is at liberty to challenge the actions of the bank by filing fresh Securitization Application and any amount deposited pursuant to the order of this Tribunal in SA no. 688/2023 will be considered in the fresh Securitization Application.
In view of the above, this Misc. Application stands disposed off. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Shri Shahjad Uddin
Aadhar Housing Finance Limited
Vimal Gupta
As recorded by the court registry
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