Ajay Kumar v. Debts Recovery Tribunal Dehradun
Case brief
What is this about?
Ajay Kumar v. Debts Recovery Tribunal Dehradun & Ors. | High Court of Uttarakhand at Nainital | Writ Petition (M/B) No.43 of 2023 | decided April 2, 2026 (02.04.2026) | Neutral citation: 2026:UHC:2336-DB | Bench: Hon'ble Chief Justice Manoj Kumar Gupta and Hon'ble Justice Subhash Upadhyay. Topics: SARFAESI Act; Securitization Application No.164/2021; DRT Dehradun order dated 24.06.2022; DRAT order dated 23.01.2023; maintainability of writ petition where S.A. disposed on joint statement of counsel; non-pressing/withdrawal of securitization application; refusal to adjudicate alleged wrongful NPA declaration; writ petition dismissed. Counsel: Mr. Sayed Kashif Jafri (for petitioner); Mr. Vikas Kumar Guglani (for respondent nos.3, 4 and 5/Bank).
What did the court decide?
The securitization application proceedings before the DRT were closed on the joint statement of learned counsel for the parties, as recorded in the DRT's order dated 24.06.2022; learned counsel for the petitioner could not dispute that the closure was founded on the statement made by his own counsel before the DRT.