In this company insolvency context, the adjudicating officer disposed of a securitization application pending only due to NCLT intervention.
Securitization application disposed with liberty to revive proceedings upon favorable NCLT order or RP's desire to continue.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 50
Case No. SA/588/2023
UN AUTOMOBILES PRIVATE LIMITED Vs BANK OF BARODA Date: 17.01.2025. Present:
Shri Rajkumar, Counsel for the Applicant Ms. Anubha Singh , Counsel for the Respondent Bank/FI In this matter, the company is before NCLT and RP has been appointed, therefore, this Securitization Application stands disposed of with liberty to the applicant, in case of any favorable order from NCLT or if RP wants to continue this proceedings, he can also get it revive.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
UN AUTOMOBILES PRIVATE LIMITED
BANK OF BARODA
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
