Jai Singh v. Vartana Fianance
Case brief
What is this about?
Dr T. Jaipur disposed of a Securitization Application as infructuous due to non-appearance of the applicant and the respondent bank's submission that the account stands closed.
What did the court decide?
Application disposed of as infructuous.
What the court decided
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 1
Case No. SA/187/2025 JAI SINGH Vs VARTANA FIANANCE
Date: 23.04.2025.
Proceedings through hybrid mode
Present:
None for the Applicant
Smt. Surbhi Bairathi, Counsel for the Respondent Bank/FI
Ld. Counsel for the respondent bank submitted that account stands closed.
Considering the submissions made by Ld. Counsel for the respondent bank and also considering the fact that none appeared on behalf of the SA applicant, this Securitization Application stands disposed of as infractuous.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Issues for consideration
1 issue framed by the court
Whether a Securitization Application can be disposed of as infructuous when the applicant does not appear and the account is closed.
Parties & counsel
- applicant
Jai Singh
- respondent
Vartana Finance
Coram
Vimal Gupta
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court