In S.A. No.722/2024, the Debts Recovery Tribunal disposed of a securitization application as infructuous because the underlying account was settled and closed, appearing only for the respondent bank.
Securitization application disposed of as infructuous due to settlement and closure of the account.
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.
DEBTS RECOVERY TRIBUNAL LUCKNOW
| Date oforder or proceeding |
Order withsignatureofcourt. | Officeaction taken with date |
|---|---|---|
| S.A.No.722/2024 09.01.2026 SL.No.48 |
Ld.Counsel forthe respondentbankis present. Noneappearsfortheapplicant. Ld. Counsel for therespondentbank submitsthat in this caseaccounthasbeen settledand closed. |
|
| In view of the fact, the present SecuritizationApplicationis disposedoffas infructuous. Let the file be consigned to record room. Order beuploadedon theTribunal’s website. (Dictated) / (Pravas Kuma. .lgh) PresidingOfficer (Mugish) |
Securitization Applicant
Respondent Bank
Pravas Kumar
Mugish
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
