The Presiding Officer of the Debts Recovery Tribunal, Jaipur, disposed of the Securitization Application upon the respondent bank's submission that the account was regularized and future default would permit continuation of securitization proceedings.
Securitization Application disposed of.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 10
Case No. SA/568/2026
NIKHIL ARORA Vs HDB FINANCIAL SERVICES LIMITED
Date: 29.06.2026
Proceedings through hybrid mode Present:
Ms. Gunjan Pareek, Counsel for the Applicant
Ms. Kritika Sharma, Counsel for the Respondent Bank/FI
In this matter, counsel for the respondent bank submitted that the account stands regularized, therefore, she prayed that this SA may be disposed of. It is made clear that in case of any default the account became NPA and the respondent bank will be entitled to proceed with the securitization proceedings from the point where they left.
Considering the submissions made by Ld. Counsel for the respondent, this Securitization Application stands disposed of.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Nikhil Arora
HDB Financial Services Limited
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
