In an adjournment petition filed against an admitted notice under Section 13(2) of the SARFAESI Act, which the FI withdrew, the Tribunal allowed the application and disposed of the matter.
The SARFAESI Securitisation Agent is directed to consider the applicant's humanitarian submissions within a week. The stay application is disposed of.
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.
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DEBTS RECOVERY TRIBUNAL LUCKNOW
| Dateoforderor lroceedinj |
Order withsignatureofcourt | Officeaction takenwithdate |
|---|---|---|
| S.A.No.984/2023 08.10.2025 SI No.33 |
Mr. Mohd. Yaqoob, Ld.Counsel for the applicant is present. Mr.RiteshGoel, Ld.Counselfor therespondent-FIispresent. Ld. Counselforthe respondent-FI is moving DyNo.10864/2025stated |
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| that Authorized Officer of the |
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| respondent-FI has withdrawn SARFAESI proceeding from the stage of notice under Section 13(2)and reserved its right toinitiatetfresh undertheSARFAESIAct. |
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| Ld. Counsel for the applicant submitsthat any date of 13(2)have not been mentionedinthe application. Further, it ispointedout thatin the SA, demand notice dated 20.6.2023 has beenchallengedand which has been said to be withdrawn by the respondent-FI. Ld. Counsel for theapplicantis moving Dy No. 10918/2025 for |
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bringing on record that in compliance of order dated 19.9.2025 passedby |
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| i | this Tribunal the applicant |
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| \r | , approached therespondent-FIfor possible settlement. It is further |
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| submitted that applicant iscancer | ||
| patient and respondent-FI should |
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| consider him on humanitarian ground. |
oUR
| Continued.... PageNo.02 S.A.No.984/2023 08.10.2025 |
In view of fact, the applicantis directed to approach the respondent- FI within a weekofthis order and if he approaches, the submission ofthe applicant will be considered |
|---|---|
| sympathically on humanitarianground by therespondent-FI. |
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| Since, therespondent-FIhas withdrawn its securitization proceeding from the stage of13(2), |
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| the SA is disposed of being |
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infructuous. Let the file be consignedto |
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| recordroom |
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| Order be uploaded on the |
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| Tribunal’swebsite (Dictated) C' (PravasKumar’£ingh) Presiding Officer (Veeresh) |
1 provisions across 1 enactments
Debts Recovery Tribunal Lucknow
The Applicant
The Respondent FI
Pravas Kumar Singh
Veeresh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
