Debts Recovery Tribunals and Appellate Tribunals
Mukhed Taluka Sahakari Kharedi Vikri Sangh Ltd vs THE NANDED DISTRICT CENTRAL CO OPERATIVE BANK LTD on 13 June 2022
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ]
(Diary No.457/2022) Page 1 of 2
13.06.2022
Sr. No.22 Diary No.457/2022
Classifica
tion
No. of
Exh.
DIARY NO.457/2022
Mukhed Taluka Sahakari Kharedi Vikri
Sangh Ltd.
..Applicant
Versus
The Nanded District Central Co-operative Bank Ltd.
..Respondent
Mrs. A. U. Deshmukh – Advocate for the applicant.
Due to Covid 19 situation the matter is taken through Video Conference.
1. This application has been filed for restoration of Miscellaneous Application No.07/2014
which
is
dismissed in default on 01st February, 2022.
2. The said Miscellaneous Application No.07/2014 was for condonation of delay in filing the Securitisation Application. More than approximately 08 years have since passed. It appears that the respondent-bank is not taken any securitisation steps. I am not interested in permitting this application as no cogent reason is given.
3. In view of above, I pass the following order through video conference:
Citations and Judicial Treatment
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Cites
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Overruled / Questioned
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ORDER
A. Diary No.457/2022 is dismissed.
B. The applicant will be at liberty to take recourse under the Securitisation Act in case the respondent-bank proceeds to enforce the securities by taking all the objections IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET [SBJ] (Diary No.457/2022) Page 2 of 2
which has already taken in the original Securitisation Application before this Tribunal. C. File be consigned to Record Room.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad