Indra Kumawat v. Bank of Maharashtra
Case brief
What is this about?
The Presiding Officer of the Debts Recovery Tribunal, Jaipur disposed of a securitization application as allowed. The bank sought quashing of further actions, citing unsubmitted objections under Section 13(3-A) were annexed to the application. The court granted the application.
What did the court decide?
Further actions by the respondent bank are quashed; the Securitization Application is allowed.