Debts Recovery Tribunals and Appellate Tribunals
Ulhas Shivajirao Gapat vs OSMANABAD JANATA SAHAKARI BANK LTD on 12 June 2024
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ]
(MA No. 04/2024) Page 1 of 2
12.06.2024
Sr. No.18 MA No.04/2024
Classifi
cation
No. of
Exh.
MISCELLANEOUS APPLICATION No.04/2024
Ulhas Shivajirao Gapat
..Applicant
Versus
Osmanabad Janata Sahakari Bank Ltd.
..Respondent/s
Mr. A.A. Yadkikar - Advocate for the applicant.
Mr. S.B. Choudhari – Advocate for the Respondent-bank.
The matter is taken through Hybrid.
1. In this matter the learned counsel appearing for the applicant submits that they have paid the entire amount to the respondent bank as per the orders. However, the counsel for the respondent bank submits that the interest portion of Rs.1,95,000/- (Rupees One Lac Ninety-Five Thousand only)
is due and payable.
2. For this meagre amount the property is held up in the hands of the respondent bank. The Tribunal proposed the payment of Rs.1,00,000/- (Rupees One Lac only) to be paid by the applicant to the respondent-bank.
3. The learned counsel appearing for the respondent bank submits that the Authorised Officer is unable to give consent however the Court may pass appropriate orders.
4. Accordingly, the applicant shall pay Rs.1,00,000/- (Rupees One Lac only) to the respondent-bank and upon the payment IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ]
(MA No. 04/2024) Page 2 of 2
the respondent bank shall release the charge and the property documents to the applicant herein and close the account. In view of this, this MA No.04/2024 in the Securitisation Application No.317/2022 shall be disposed off.
5. In view of the above, I pass the following order:
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
ORDER
A. Miscellaneous Application No. 04/2024 in the Securitisation Application No.317/2022 stands disposed off.
B. The applicant shall pay Rs.1,00,000/- (Rupees One Lac only) to the respondent-bank and upon the payment the respondent bank shall release the charge and the property documents to the applicant herein and close the account. C. Consign the file to the Record Room.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad