The application was disposed of because the matter was pending before the High Court and RERA, with a stay granted. The court noted RERA lacks jurisdiction over securitization actions, and the applicant's forfeit due to lack of order copy submission.
Securitization Application disposed off.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item no. 64
Case No. SA/386/2024
NARESH KALYAN RAWATANI Vs INDIA INFOLINE FINANCE LIMITED
Date: 20.02.2025
Proceedings through hybrid mode Present:
None for the applicant
Shri Vineet Sharma along with Sh. Akash Sharma, Counsel for the Respondent Bank/FI
The matter is pending before the Hon’ble High Court and RERA and RERA intervened and granted stay twice in this matter though RERA has no jurisdiction to entertain such application against the Securitization action.
The applicant is availing remedy before RERA, therefore, this Securitization Application stands disposed off . More so, since the filing of this SA despite orders copy of the SA not supplied.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
NARESH KALYAN RAWATANI
INDIA INFOLINE FINANCE LIMITED
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
