Mr Veeru Aswani v. Yes Bank
Case brief
What is this about?
In a hybrid hearing, the Debts Recovery Tribunal allowed the applicant to deposit overdue EMI by 30 December 2025, after which the respondent bank agreed to withdraw all SARFAESI proceedings, subject to regular EMI payment.
What did the court decide?
Allowed withdrawal of all SARFAESI proceedings subject to payment of overdue EMI by 30 December 2025 and regular EMIs thereafter.
What the court decided
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 35
Case No.SA/555/2025
MR VEERU ASWANI Vs YES BANK
Date: 20.12.2025.
Proceedings through hybrid mode Present:
Shri Lalit Kishore Joshi, Counsel for the Applicant
Shri Pramod Kumar, Counsel for the Respondent Bank/FI along with Sh. Nitesh Khandelwal, Authorized Officer and Sh. Anil Kumar, AVP
In this matter, the applicant is ready and willing to settle the account. Counsel for the applicant submits that the applicant will pay overdue amount of EMI’s and will pay regular EMIs.
Counsel for the respondent bank present along with Authorized officer and AVP submits that they will withdraw all the SARFAESI proceedings subject to payment of overdue EMI by the applicant.
Let the applicant deposit the overdue EMI amount by 30 December, 2025, thereafter to pay regular EMIs, failing which the respondent bank will be at liberty to proceed ahead as per law.
Parties & counsel
- applicant
MR VEERU ASWANI
- respondent
YES BANK
Coram
Vimal Gupta
Case details
As recorded by the court registry
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