Debts Recovery Tribunals and Appellate Tribunals
AU SMALL FINANCE BANK LIMITED vs PRITESH SINGH GORWA on 27 February 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item No. 82 Case No. MA/220/2022 IN SA/425/2021 AU SMALL FINANCE BANK LIMITED Vs PRITESH SINGH GORWA . Date: 27.02.2025. Proceedings through hybrid mode Present: Shri Rajkumar, Counsel for the Applicant Shri Anil Kumar Sharma, Counsel for the Respondents In this mater, Ld. counsel for the applicant submits that there is an erroneous finding in the orders that account should be out of order continuously 90 days. Ld. counsel for the applicant submits that there is not only one account declared as NPA in the cash credit account if the transactions are filed for covering all the interest, then also the account get declared as NPA also. I am agreement with the arguments of the counsel for the applicant, however, earlier proceedings cannot be revived and the date of NPA shall remain 26.08.2021, the bank will be at liberty to proceed by taking fresh SARFAESI actions. In view of the above submissions, this Misc. Application stands disposed off. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur