Debts Recovery Tribunals and Appellate Tribunals
M s Orbit Electromech India Pvt Ltd vs PUNJAB NATIONAL BANK (ORIENTAL BANK OF COMMERCE) on 27 May 2024
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, AURANGABAD)
ORDER SHEET
[APK]
27.05.2024
Sr. No.25
M.A. No.13/2024
Classific
ation
No. of
Exh.
MISC. APPLICATION No.13/2024
M S Orbit Electromech India Pvt Ltd
.. Applicant
Versus
Punjab National Bank (Oriental Bank Of
Commerce)
.. Respondents
Mr. Vakil Satyajit R - Advocate for the applicant.
Mr. Paithankar Prakash B – Advocate for Respondent bank
1. The learned counsel for the applicant submits that has filed MA for restoration of Securitisation Application filed by the applicant herein which was disposed by order dated 09.03.2023.
2. It is submitted that the bank has withdrawn the 13(2) notice and subsequently issued fresh notice but pursued to continue with the earlier demand notice.
3. In view of the above, I pass the following order:
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ORDER
A. Misc. Application No. 13/2024 is allowed. B. Registry is directed to restore the Securitisation Application no.78/2016 to its original stage. C. Consign the file to the Record Room and orders be uploaded on official web-site.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad