The Debt Recovery Tribunal disposed of a securitization application as infructuous based on counsel's submission that the underlying account has been settled.
Securitization application disposed of as infructuous.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 71
Case No. SA/745/2025
KEDAR KUMAR SAINANI Vs ORIX LEASING AND FINANCIAL SERVICES INDIA LIMITED
Date: 21.07.2026.
Proceedings through hybrid mode Present:
Shri Kapil Kumar Kumawat, Counsel for the Applicant
Shri Prakhar Gupta, Counsel for the Respondent Bank/FI
Ld. Counsel for the applicant and Ld. counsel for the respondent bank submitted that account stands settled.
Considering the submissions made by both the counsels, this Securitization Application stands disposed of as infructuous.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer
Debts Recovery Tribunal, Jaipur
Kedar Kumar Sainani
Orix Leasing and Financial Services India Limited
Vimal Gupta
As recorded by the court registry
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