Ms Patidar Paints v. Canara Bank
Case brief
What is this about?
The Debt Recovery Tribunal disposed of the secritization application as infructuous because the respondent bank submitted that the account was settled and an NOC had been issued.
What did the court decide?
Application disposed of as infructuous.
What the court decided
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 29
Case No. SA/48/2026
MS PATIDAR PAINTS Vs CANARA BANK
Date: 07.02.2026.
Proceedings through hybrid mode
Present:
Shri Kapil Kumar Kumawat, Counsel for the Applicant
Shri Karan Pratap Singh, Counsel for the Respondent Bank/FI
Ld. Counsel for the respondent bank submitted that account stands settled and NOC has also been issued.
Considering the submissions made by Ld. Counsel for the respondent bank, this Securitization Application stands disposed of as infructuous.
File be consigned to record, as per rules. Copy of order be uploaded on website.
Parties & counsel
- applicant
MS Patidar Paints
- respondent
Canara Bank
Coram
Vimal Gupta
Case details
As recorded by the court registry
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