Debts Recovery Tribunals and Appellate Tribunals
ICICI BANK LIMITED vs RAVI on 21 March 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item No. 15 Case No. MA/31/2025 IN SA/253/2024 ICICI BANK LIMITED Vs RAVI Date: 21.03.2025. Proceedings through hybrid mode Present: Shri Akash Sharma, Counsel for the Applicant Ld. counsel for the applicant i.e. ICICI Bank Ltd. submitted that SA applicant of SA no. 253/2024 has made false statement before the Hon’ble Tribunal that as account stands regularized. He submits that there were various credit facilities availed by him and in total 14 accounts, all are NPA and account is also NPA and bank has never regularized the same. It is made clear that the bank is at liberty to continue SARFAESI Action including taking possession. Police concerned are also advised to note that there is not stay by this Tribunal and the account is not regularized. They can proceed to take possession as per directions of appropriate authority. In view of the above, 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