This order by the Debts Recovery Tribunal holds the applicant's securitization application as infructuous because the account was regularized but defaulted again, leading to a fresh classification as NPA and issuance of a 13(2) notice.
Securitization application stands disposed of as infructuous.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 56
Case No.SA/693/2024
PREMSHANKAR PALIWAL Vs VASTU HOUSING FINANCE LIMITED
Date: 18.12.2025.
Proceedings through hybrid mode
Present:
Shri Hitesh Kumar, Counsel for the Applicant
Shri Sharad Joshi, Counsel for the Respondent Bank/FI
The counsel for the applicant submits that though the account was regularized, but thereafter default has been made by the applicant and the bank has again classified the account as NPA. The respondent bank issued fresh 13(2) notice.
In view of the above, 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
Prmeshankar Pawlwal
Vastu Housing Finance Limited
Vimal Gupta
As recorded by the court registry
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