DRT, Jaipur quashed proceedings under SARFAESI Act as the Respondent Bank intends to proceed only under Recovery Certificate (RC).
All proceedings under SARFAESI quashed; SA disposed of; pending IAs disposed off.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Supp. Item No. 01
Case No. SA 301/2022
M S SARASWATI VIDHYA VIHAR SAMIT AND OTHER VS PUNJAB NATIONAL BANK
Date: 15.07.2025
Proceedings through hybrid mode:
Present:
Shri Kapil Kumar Kumawat, Counsel for the Applicant
Shri B C Jain, Counsel for the Respondent Bank/FI
In this matter, Counsel for the Respondent bank submits that
they will be proceeding only under RC and not under SARFAESI.
All proceedings under SARFAESI stands quashed. Accordingly, SA stands disposed of, all pending IAs also stands disposed off, if any. Bank is at liberty to proceed under RC.
File be consigned to record as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer DRT, Jaipur
M S Saraswati Vidhya Vihar Samit and Others
Punjab National Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
