In a Securitization Application wherein the auction challenge and subsequent auction failed, the Tribunal disposed of the application as infructuous. No substantive legal issues were addressed.
The Securitization Application stands disposed of as infructuous.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 56
Case No. SA/361/2026
MS VTWENTYNINE MANUFACTURING AND MARKETING PVT LTD Vs UNION BANK OF INDIA
Date: 19.05.2026.
Proceedings through hybrid mode
Present:
Shri Shyam Sunder Sharma, Counsel for the Applicant
Shri R N Vijay, Counsel for the Respondent Bank/FI
In this matter, auction challenged in this Securitization Application has failed, therefore, this Securitization Application has become infructuous.
Accordingly, 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
1 issue framed by the court
Whether a Securitization Application that becomes infructuous due to the failure of the underlying auction should be disposed of.
MS VTWENTYNINE MANUFACTURING AND MARKETING PVT LTD
UNION BANK OF INDIA
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
