The DrT Aurangabad disposed of an application to quash an auction sale and restore possession of suit property. The court granted a request for immediate restoration of possession and refund of auction proceeds.
Restoration of possession of the suit property to the applicant and return of 25% of the auction money to the auction purchaser.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD) ORDER SHEET
| 26.03 Sr. N |
.2025 o.05 SA No.193/2023 |
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| Classifi cation |
No. of Exh. |
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| INTERLOCUTORY APPLICATION NOs.753/2025 IN S.A No.193/2023 |
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| Sai Agro Industries ..Applicant Versus Union Bank of India ..Respondent Mr. Tushar Daware a/w Mr. P.S. Gaikwad - Advocate for the applicant Mr. A.A. Mishra – Advocate for the respondent. 1. This Interlocutory Application No.753/2025 has |
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| been moved by the applicant borrower for cancellation of sale and restoration of possession as the entire loan account has been adjusted. 2. It was submitted on behalf of the respondent bank that the borrower has paid the entire outstanding |
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| amount and has adjusted the entire loan account but since the sale was conducted and 25% of the |
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| total sale price has already been accepted by the respondent bank from the Auction Purchaser and that has to be returned to the Auction Purchaser. 3. In view of the submissions of both the sides and more so the entire loan account has been adjusted bythe applicant / borrower by payingthe total |
[SBJ] (SA No.193/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD)
ORDER SHEET
outstanding amount including interest and other miscellaneous expenses and this fact has fairly been conceded by the learned counsel for the respondent bank, hence possession of the suit property is liable to be restored to the applicant immediately and 25% of auction money to be returned to the Auction Purchaser. 4. In view of the above, I pass the following order. ORDER A. The Interlocutory Application No.753/2025 stands disposed off. B. The possession of the suit property be restored to the applicant immediately and 25% of auction money be returned to the Auction Purchaser C. Accordingly, the Securitisation Application No.193/2023 stands disposed off. D. File be consigned to the Record Room. Sd/- (Dr. J.R. Chauhan) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (SA No.193/2023) Page 2 of 2
Sai Agro Industries
Union Bank of India
Dr. J.R. Chauhan
Presiding Officer
Debts Recovery Tribunal
Aurangabad
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
