Debts Recovery Tribunals and Appellate Tribunals
NARESH KALYAN RAWATANI vs INDIA INFOLINE FINANCE LIMITED on 12 August 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur Item No. 17 Case No.MA/91/2025 IN SA/386/2024 NARESH KALYAN RAWATANI Vs INDIA INFOLINE FINANCE LIMITED Date: 12.08.2025. Proceedings through hybrid mode Present: Shri Ravikant Sharma along with Shri Shashank Jain, Counsel for the Applicant Shri Vineet Sharma, Counsel for the Respondent Bank/FI
In this matter, Securitization Application was dismissed for forum hunting. Today also, Counsel for the applicant submits that the matter is pending before RERA and is now fixed for orders on 21.08.2025, further he submits that he may withdraw the matter there.
This Tribunal feels that withdrawal of matter in RERA could have been done earlier and SA would not have been dismissed.
Further counsel for the applicant submits that matter is pending before Hon’ble High Court which is upon the Respondent to abide by orders of Hon’ble High Court.
In view of the above, this MA is liable to be dismissed and SA cannot be restored. Accordingly, MA stands disposed of as dismissed, 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