The Debts Recovery Tribunal dismissed a Securitization Application because the applicant offered an undertaking that issued cheques would be honoured to prevent liability under the relevant section.
The Securitization Application stands dismissed.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 34
Case No.SA/291/2022
GOVIND PRASAD DAHIMA Vs HINDUJA LEYLAND FINANCE LIMITED
Date: 29.07.2025.
Proceedings through hybrid mode
Present:
Shri Akarsh Mathur, Counsel for the Applicant
Shri Pramod Kumar, Counsel for the Respondent Bank/FI
Counsel for the respondent bank submits that the applicant has give cheques i.e. Rs. 15.00 Lac dated 05.08.2025, Rs. 35.00 Lac dated 28.08.2025, Rs. 20.00 Lac dated 10.09.2025 and Rs. 1.50 Cr. dated 25.09.2025. It is made clear that any of the cheques is bounced, they will be liable to action under Section 138 and also the OTS shall stand revoked immediately and they will be liable to pay full liability to the respondent.
In these circumstances, this Securitization Application stands dismissed. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
1 issue framed by the court
Whether the Securitization Application should be allowed given the applicant's undertaking that cheques will be honoured.
1 provisions across 1 enactments
Govind Prasad Dahima
Hinduja Leyland Finance Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
