In proceedings under the SARFAESI Act, the Debts Recovery Tribunal disposed of an application summarily as infructuous because the account had closed and the applicant did not appear, without detailed reasoning on substantive legal issues.
The Securitization Application is disposed of as infructuous.
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. 23
Case No. SA/674/2022 ROOPCHAND Vs AWAS FINANCIERS LIMITED
Date: 23.04.2025.
Proceedings through hybrid mode
Present:
None for the Applicant
Shri Sharad Joshi, Counsel for the Respondent Bank/FI
Ld. Counsel for the respondent bank submitted that account stands closed.
Considering the submissions made by Ld. Counsel for the respondent bank and also considering the fact that none appeared on behalf of the SA applicant, this Securitization Application stands disposed of as infractuous.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Roopchand
Awas Financiers Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
