The Debits Recovery Tribunal sat on a Special Appeal regarding SARFAESI action. The court dismissed the application as infructuous after the respondent bank withdrew the action, rendering the matter without merit.
SARFAESI Application and accompanying stay application dismissed as infructuous.
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DEBTS RECOVERY TRIBUNAL, PATNA
| Date of order or proceeding |
Order with the Signature of the Court SA 88of2025 |
|---|---|
| 29.07.2025 | On mention on behalf of S. applicant this caseistaken up for today for urgent hearing. Ld.Counsels for theparties are present. Ithas been informed on behalf of the respondent that the respondent bank is withdrawing the SARFAESI Action initiated against the applicant. In view of the aforesaid statement, the present SA has become Infructuous. The IA dy.50S of 2025 is moved for stay of the physical possession by the applicanthasbecome Infructuous. Accordingly, the aforesaid SARFAESI Application alongwith the aforesaid IA is dismissed as Infructuous. Order be uploaded on the Tribunal's website. r/r (Kaushalendra Yadav) Presiding Officer Patna |
Office action taken with date
S.
Respondent Bank
Kaushalendra Yadav
Presiding Officer
As recorded by the court registry
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