Vijay Zumberlal Lodha v. The Malkapur Urban Co-Op Bank Ltd.
Case brief
What is this about?
This disposition order dismissed a securitisation application as infructuous after the respondent bank informed the Tribunal that the applicant had settled the entire outstanding loan amount, leaving nothing due.
What did the court decide?
The Securitisation Application No.186/2024 stands disposed off.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 15 Sr |
.01.202 . No.07 |
5 SA No.186/2024 |
|---|---|---|
| Classific ation |
No. of Exh. |
I |
| SECURITISATION APPLICATION No.186/2024 Vijay Zumberlal Lodha ..Applicant Versus The Malkapur Urban Co-operative Bank Limited ..Respondent/s None for the applicant. Mr. Sandeep B. Gorde - Advocate for the respondent. |
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| 1. The learned counsel Mr. Sandeep B. Gorde for the respondent has stated at bar before this Tribunal that the applicant / borrower after settlement of the account has paid the entire outstanding amount and now loan account of the applicant / borrower has been fully adjusted and nothing is due of the bank towards the applicant / borrower. 2. Heard the Ld. Counsel for the respondent. 3. In view of the above referred submission of the learned counsel for the respondent bank, this Securitisation |
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| Application has become infructuous as the borrower has paid the entire amount to the respondent-bank as demanded |
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| by the respondent-bank. Accordingly, this Securitisation Application No.186/2024 disposed off. 4. In view of the statement made by the learned counsel for the applicant, I pass the following order. ORDER |
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| A. The Securitisation Application No.186/2024 stands disposed off. B. Accordinglyall thependinginterlocutoryapplications |
[SBJ] (SA No.186/2024) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
Parties & counsel
- applicant
Vijay Zumberlal Lodha
- respondent
The Malkapur Urban Co-operative Bank Limited
Coram
Dr. J.R. Chauhan
Case details
As recorded by the court registry
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