Debts Recovery Tribunals and Appellate Tribunals
MS SANTUSHTA PLASTIC INDUSTRIES vs CANARA BANK on 29 March 2022
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[MKA/APK]
29.03.2022
Sr. No.37 M.A No.23/2022
Classifi
cation
No. of
Exh.
MISCELLANEOUS APPLICATION No.23/2022
M/s Santushta Plastic Industries
..Applicant/s
Versus
Canara Bank
..Respondent/s
Mrs. Gayatri Udgirkar – Advocate for the applicant Mr. P.N. Kapadia – Advocate for the respondent-bank.
Due to Covid 19 situation the matter is taken through Video Conference.
1.
In this matter the learned counsel appearing for the respondent bank submits that they have already sold the property and the applicants will have to challenge the same by filing separate Securitization Application.
2.
The learned counsel for the applicants agreed that they will have to file a separate Securitization Application for challenging the auction.
3.
In these circumstances, Miscellaneous Application for restoration of Securitization Application is allowed because there are certain points being taken regarding CGTMS and their coverage of loan under the said scheme.
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[MKA/APK]
4.
In view of the above, I pass the following order through video conferencing:
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. The Miscellaneous Application No. 23/2022 is allowed. B. Registry is directed to restore the Securitisation Application No. 20/2022 in its original position. C. The copy of this order be kept along with the proceedings of Securitisation Application no. 20/2022. D. File be consign to record room.
The parties may download the order from the official web-site which will be treated as a true copy as due to COVID 19 & staff constraints, the certified copies cannot be issued as of now till further orders.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad