In a securitization application, the applicant confirmed receipt of full payment for an account settled by the respondent bank. The Presiding Officer ordered the bank to release title documents citing RBI guidelines.
Order to release title documents based on RBI guidelines.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 29
Case No.SA/137/2023
MS NAVJEEVAN MEDICAL Vs UNION BANK OF INDIA
Date: 22.07.2025.
Proceedings through hybrid mode Present:
Shri Tej Pratap Singh, Counsel for the Applicant
Shri Divyansh Jain, Counsel for the Respondent Bank/FI
Counsel for the bank submits that the account is settled and entire payment has been received. Counsel for the applicant confirms the same and submits that the bank has to release the title documents.
Let the bank release the title documents in view of the RBI guidelines.
In view of the above, this Securitization Application stands disposed of. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
MS NAVJEEVAN MEDICAL
UNION BANK OF INDIA
Vimal Gupta
As recorded by the court registry
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