Debts Recovery Tribunals and Appellate Tribunals
ASH STEEL HUB vs ICICI BANK LIMITED on 22 July 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item No. 55 Case No.MA/54/2024 IN OA/482/2021 ASH STEEL HUB Vs ICICI BANK LIMITED Date: 22.07.2025. Proceedings through hybrid mode Present: None for the Applicant Shri Akash Sharma, Counsel for the Respondent Bank/FI In this matter, copy of MA has not been supplied to the counsel for the respondent bank. It is submitted that in the pleadings that the defendants were not served summons. It is further submitted that they are sincere to repay the financial liabilities. There is nothing on record to show as and when they received the summons and how they came to know about the pendency of this proceeding or the final orders. Counsel for the respondent bank submits that applicants are appearing before the Ld. Recovery officer since long. There is no application under Section 5 of the limitation Act. There is no ground to stay the recovery proceedings, therefore, this Misc. Application stands dismissed. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur