DRT Aurangabad disposed of Securitisation Application 71/2023 on the basis of an oral submission regarding amicable settlement between the applicant bank and the borrower.
Application disposed of with liberty to revive if settlement fails or bank proceeds under SARFAESI Act.
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.
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
| 16.09.2 Sr. No. |
025 46 |
SA No. 71/2023 |
|
|---|---|---|---|
| Classifi cation |
No. of Exh. |
||
| M/s. Dhar IDBI Mr. appli Mr. A 1. 2. 3. A. B. C. |
SECURITISATIONS APPLICATION NO. 71/2023. Yash Ginning and Pressing Prop: Mr. mendra Suwalal Jain and Ors. ..Applicants V/s. Bank Limited and Anr. ..Respondents Satyajit R. Vakil – Advocate for the cants. nirudha S. Pathak – Advocate for respondents. The learned counsel for applicant submitted orally that the loan account has been settled amicably, hence requested to dispose of the Securitization application No. 71 of 2023 with a liberty to applicant to revive the same, if the settlement between the parties fails or the bank proceeds with further action under the SARFAESI Act. Heard. In view of the amicable settlement between the parties, I pass the following order. ORDER The S.A. No. 71/2023 stands disposed of with liberty to applicant to revive the same, if the settlement between the parties fails or the bank proceeds with further action under the SARFAESI Act. Pending Interlocutory Applications, if any stands disposed off. Consign the file to the Record Room. (Dr. J.R. Chauhan) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[Ambadas] (SA No.71/2023) Page 1 of 1
M/s. Dhar IDBI Bank Limited
Mr. A.
Dr. J.R. Chauhan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
