Debts Recovery Tribunal disposed of a securitization application as infructuous because the underlying account had been closed, confirmed by both counsel.
Securitization application disposed of as infructuous.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 40
Case No. SA/28/2026
MS SHREE SHYAM GARMENT Vs BANK OF MAHARASHTRA
Date: 12.08.2026.
Proceedings through hybrid mode Present:
Shri Anis Ahmed, Counsel for the Applicant
Shri Akash Sharma, Counsel for the Respondent Bank/FI
Ld. Counsel for the applicant submits that account stands closed. Ld. Counsel for the respondent bank confirms the same and he prayed that the SA may be disposed of as infructuous.
Considering the submissions made by both the counsels, this Securitization Application stands disposed of as infructuous.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
MS SHREE SHYAM GARMENT
BANK OF MAHARASHTRA
Vimal Gupta
As recorded by the court registry
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