Debts Recovery Tribunals and Appellate Tribunals
KOTAK MAHINDRA BANK vs M/s. Vaizer Agro Chemicals Ltd on 9 December 2021
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[APK] (MA No.38/2015) Page 1 of 2
09.12.2021
Sr. No.32 MA No.38/2015
Classific
ation
No. of
Exh.
MISC. APPLICATION No.38/2015
Kotak Mahindra Bank
..Applicant
Versus
M/s Vaizer Agro Chemicals Ltd. and
others
..Respondents
Mr. S.R.Deshpande – Advocate for the applicant.
Mr. R.F.Totla – Advocate for respondent no.4
None for other defendants
Due to Covid 19 situation the matter is taken through VC.
1. In this matter the Recovery Certificate has been issued against all the defendants. The learned counsel appearing for the applicant submits that the appeal filed by Mr.
Atul Moreshwar Save (respondent no.4) is pending before the Hon’ble DRAT.
2. The learned counsel for the applicant bank submits that he will not proceed against the said Certificate Debtor till the disposal of the appeal on merit.
3. In view of the statement made by the learned counsel for the applicant bank, I pass the following order through video conference:
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ORDER
A. Misc. Application No.38/2015 is disposed off. B. All pending IA in the proceeding, if any are disposed of accordingly.
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
[APK] (MA No.38/2015) Page 2 of 2
C. Let the Recovery Officer proceed against all the defendants/Certificate Debtors except Mrs. Atul Moreshwar Save. D. The copy of the order be sent to the Recovery Officer, DRT, Aurangabad. E. Consign the file to the Record Room.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad