Jaspal Singh and Another v. Au Small Finance Bank Limited
Case brief
What is this about?
The Debt Recovery Tribunal issued a process order on a fresh Securitization Application filed by Jaspal Singh against AU Small Finance Bank Limited under Section 17(1) of the SARFAESI Act to set aside respondent's actions, fixing arguments for March 9, 2026.
What the court decided
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ITEM NO. 20
SA/39/2026 JASPAL SINGH AND ANOTHER Vs AU SMALL FINANCE BANK LIMITED
22.01.2026
Present: Sh. Rahul Garg, Advocate for Applicants (through VC) Ms. Deepika Mittal, Advocate for Respondent
This fresh SA has been placed before me today.
Heard. This Securitization Application was filed under section 17(1) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, for setting aside all actions taken by the respondent under the provisions of the above said Act.
Ms. Deepika Mittal, Advocate submitted that she has filed her Power of Attorney on behalf of sole respondent today vide diary No. 1451, which is taken on record. It was admitted that paper book of this SA was received by her.
Reply to SA may be filed within 30 days after providing advance copy to learned counsel for applicants.
Put up on 09.03.2026 for arguments.
Issues for consideration
1 issue framed by the court
Whether to allow a fresh Securitization Application filed under Section 17(1) of the SARFAESI Act for setting aside actions taken by the respondent.
Parties & counsel
- applicant
Jaspal Singh and Another
- respondent
AU Small Finance Bank Limited
Coram
Mridulesh Kumar Singh
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court