Debts Recovery Tribunals and Appellate Tribunals

RAKESH SOLANKI vs CENTRAL BANK OF INDIA on 28 May 2025

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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

Item No. 70 Case No. MA/74/2025 IN SA/189/2024 RAKESH SOLANKI Vs CENTRAL BANK OF INDIA Date: 28.05.2025. Proceedings through hybrid mode Present: Shri Anurag Kalwatia, Counsel for the Applicant Shri Dhruva Rathore, Counsel for the Respondent Bank/FI

In this matter, SA was dismissed for non-compliance of the order. Counsel for the Respondent draws my attention to the order passed by Hon’ble High Court on 29.11.2024, wherein the same counsel who appears in this MA has made a statement before this Court that they are ready and willing to deposit an amount of Rs. 10.00 Lac within a period of 15 days and remaining amount in 12 equal installments.

However, since the advocate of the bank has made the bid in the name of the wife, this Tribunal has passed an order on 04.03.2025 directing the applicant to deposit an amount of Rs. 5.00 Lac within one week from the date of the order. The same is not complied with.

At this juncture, The Tribunal was inclined to dismiss this MA with cost, Counsel for the applicant seeks withdrawal of the MA.

Request is allowed.

MA stands disposed of as withdrawn. All pending IAs 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

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