The Division Bench dismissed the Securitization Application held in SA/1004/2025. The Court dismissed the application deemed to be misusing the process.
Application dismissed; no stay order. Respondent Bank is at liberty to continue proceedings.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 49
Case No. SA/1004/2025
SURESH KUMAR SHARMA Vs AU SMALL FINANCE BANK LIMITED
Date: 04.02.2026.
Proceedings through hybrid mode
Present:
None for the Applicant
Smt. Surbhi Bairathi, Counsel for the Respondent Bank/FI
In this matter, the applicant has not complied with the orders nor they are appearing today. The applicants are misusing the orders by submitting before the Superintended of Police that there is a stay order.
There is no stay order in this matter and the respondent bank is at liberty to continue with the SARFAESI proceedings.
Copy of the order be given to the Superintended of Police for intimating that there is no stay order in this matter.
In view of the above, this Securitization Application stands dismissed. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
SURESH KUMAR SHARMA
AU SMALL FINANCE BANK LIMITED
Vimal Gupta
As recorded by the court registry
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