Debts Recovery Tribunals and Appellate Tribunals
New City Jewellerss vs State Bank Of India on 19 February 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item no. 49 Case No. MA/60/2018 NEW CITY JEWELLERSS Vs STATE BANK OF INDIA Date: 19.02.2025 Proceedings through hybrid mode Present: Shri Vikas Jain, Counsel for the applicant Shri Y P Garg, Counsel for the Respondent Bank/FI
In this matter, application has been moved for recalling ex parte judgment dated 29.05.2011. There is no judgment dated 29.05.2011 as the OA itself is of 2014.
The MA applicant has been litigated before various forums contesting the securitization proceedings also. Nothing has been explained in the application as to why they have not chosen to contest their matter, whether still matter was pending before this Court.
They themselves submit that notices have been served through publication. They have also gone for the settlement and deposited only 5% of the amount, but have not completed the payment to the bank. So, This MA deserves to be dismissed.
Accordingly, MA stands disposed off, all pending IAs also stands disposed off, if any. File be consigned to record as per rules. Copy of order be uploaded on website. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur