The Court disposed of the Section 17 Securitization Application. The account was closed following payment by legal representatives of the deceased main borrower. The Court ordered parties to collect original title deeds on a specified date.
Application disposed of; LRs directed to collect title deeds on 06.11.2025 or produce authority letter.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 65
Case No.SA/53/2022
SMT SWAROOP KANWAR Vs AXIS BANK
Date: 27.10.2025.
Proceedings through hybrid mode
Present:
Shri Ramnaresh Vijay, Counsel for the Applicant
Shri Abhishek Bhandari, Counsel for the Respondent Bank/FI
In this matter, account stands closed and main borrower was deceased as the payment has been made by LRs of the deceased.
The issue with the bank is to whom they will return the original title deeds. The applicant may produce authority letter from the LRs in favor of one LR or all the LRs go jointly to receive the original title deeds. Let them the LRs visit the bank on 06.11.2025.
In view of the above, this Securitization Application stands disposed of. File be consigned to record, as per rules. Copy of order be uploaded on website.
In case of any exigency, concerned parties can move Misc. application.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
1 issue framed by the court
To whom should the original title deeds be returned after account closure and payment by legal representatives?
Smt Swaroop Kanwar
Axis Bank
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
