Single Judge SBIA dismissed the stay application as infructuous since the respondent bank withdrew all SARFAESI proceedings including demand and possession notices, relieving the applicant of legal expenses.
Disposal of S.A. as infructuous; No legal expenses to be charged on applicant.
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.
[AL LUC: IW
DEBTS RECOVERY TRIB
Date of order or Order with signature of court proceeding SA No. 90/2025 ) Isell for the 04.09.2025 SI No.20 applicant is present. Sh Arvind Srivastava dd couNsel for the respondent bank is preseht. Ld counsel for the resbonderlt bank has filed I.A. No. 3051/2025jearly hearing application along with affidavit jstating therein that respondent I bank! has withdrawn the entire I securitization proceedings including 13(2) demand i notice dated 20.12.2022 and possbssion notice dated 22.09.2023. It is further submitted that applicant has already bben in+ormed regarding the same. Ld counsel for the applicbnt sul litted that cost of the present SA may dot be imposed upon the applicant. Ld counsel for the ResBondentk Bank submitted that the entire, SARFAESI actions have been withdrawn bD the Respondent Bank, therefor b, this S.A. become infructuous and saKe may be dismissed being infructuous. Since the entire SARFAESI actions have been withdrawn by thel Respdndent Bank including 13(2) demandjnotice ]dated 20.12.2022 and possession notice idated 22.09.2023 and nothing [emain§ for adjudication in this case, thbreford, this S.A. become infructuous Accordingly, the S.A. is Idisposbd of being infructuous. Since the entire 1 SARFAESI proceedings have been withdFawn hy the respondent bank, therefore, 1 respohdent bank shall not charge any ledal exp+nses made in this SA from the applidant. Pending I.A. if any, also Hispos 4d off accordingly . Record be consigned to rebord ro )rrl Order be uploaded on thb Tribl laI’s website. (Dibtated) i: ; i '.J (Pravas Kumaf lgh) Presiding Offic' Manoj)
)ffice action +aken with .te
Sh Arvind Srivastava
Respondent Bank
Pravas Kumar Singh
Manoj
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
