A debtor-arrears case where the Debts Recovery Tribunal allowed an applicant to accept the respondent FI's private treaty sale by depositing Rs. 3 lacs and paying the balance within 15 days, quashing the auction notice.
Auction notice quashed; private treaty allowed with Rs. 3 lacs deposit and remaining balance due within 15 days.
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.
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 2
Case No.SA/494/2025
ARUN KUMAR Vs BAID FINSERV LIMITED
Date: 28.07.2025.
Proceedings through hybrid mode
Present:
Shri Devendra Sharma, Counsel for the Applicant
Shri Sandeep Bansiwal, Counsel for the Respondent Bank/FI
In this matter, the applicant has requested the Respondent FI for private treaty and Respondents are agreeable only in one condition if the payment is made within 15 days.
Today an amount of Rs. 03.00 Lac will be deposited and balance will be paid within 15 days time. Bank is to execute the sale deed as per private treaty. Auction notice dated 24.06.2025 stands quashed and set aside.
Accordingly, SA stands disposed off, all pending IAs also stands disposed off, if any.
File be consigned to record as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Arun Kumar
Baid Finserv Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
