Disposed

Vishal Shrivastava v. Bank of Baroda

DRT8 Jun 2026SA/705/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal, Jaipur, in a Securitization Application, set aside the sale of assets and refunded money to the auction purchaser. The court permitted the applicant to regularize the Mudra and housing loans by depositing specific amounts by June 30 and July 31, 2026, but denied a waiver of legal charges citing RBI guidelines.

What did the court decide?

Sale set aside and amount refunded to auction purchaser; applicant ordered to pay 8% interest and deposit specific loan amounts by June 30 and July 31, 2026; waiver of legal charges denied.

Vishal Shrivastava versus Bank of Baroda — Banking and Recovery | DRT (2026)

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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

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Item No. 31

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Case No. SA/705/2025

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VISHAL SHRIVASTAVA Vs BANK OF BARODA

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Date: 08.06.2026 Proceedings through hybrid mode Present:

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Shri Amit Sharma, Counsel for the Applicant Ms. Anubha Sharma, Counsel for the Respondent Bank/FI Shri Puneet Maheshwari, Counsel for the Auction Purchaser

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In this matter, the Ld. Counsel for the applicant submits that he is ready and willing to clear the entire Mudra Loan along with interest within 15 days from today. He submits that if he is permitted, he will deposit the same two installments in Mudra Loan because within 15 days he will clear entire over dues of the housing loan.

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Amount Rs. 20.05 Lac deposits by the Auction Purchaser and since he was not intimated about the pendency of the Securitization Application in sale notice, sale has to go.

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There are some chances to get the account regularized, therefore, sale is set aside and amount shall be refunded to the auction purchaser. The applicant has to pay 8% interest which is to be paid to the auction purchaser.

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The applicant wants waiver of the legal charges, but he is well aware of the guidelines of the Reserve Bank of India which says that if the entire overdue amount alongwith expenses are deposited, the account stands regularized. The hands of the respondent bank are tight and they cannot violate the RBI guidelines.

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The applicant will deposit by 30^th June, 2026 entire overdue amount along with expenses of the housing loan and 50% of the Mudra Loan along with interest and by 31 July, 2026 balance amount of 50% will be paid along with the amount to be paid to the auction purchaser. The bank will pay the amount to the auction purchaser and bank shall debit the amount to the account of the applicant.

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Court of the Presiding Officer

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Debts Recovery Tribunal, Jaipur

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In view of the above, this Securitization Application stands disposed of. File be consigned to record, as per rules. Copy of order be uploaded on website.

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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur

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Vishal Shrivastava v. Bank of Baroda

Case brief

What is this about?

What did the court decide?

Vishal Shrivastava v. Bank of Baroda

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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Case details

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