Debts Recovery Tribunals and Appellate Tribunals

VARAD VINAYAK PROPERTIES AND CONSULTANCY SERVICES vs THE JALGAON PEOPELS COOPERATIVE BANK LIMITED on 31 December 2021

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD

(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)

ORDER SHEET

[SBJ] (MA No.35/2021) Page 1 of 2

31.12.2021

Sr. No.39 MA No.35/2021

Classifi

cation

No. of

Exh.

MISCELLANEOUS APPLICATION No.35/2021

Varad Vinayak Properties & Consultancy

Services & two others.

..Applicants

Versus

The Jalgaon Peoples Co-operative Bank

Ltd. & four others.

..Respondents

Mr. Umesh Gitte h/for Mr. Mahesh Deshmukh – Advocate for the applicants.

None for the respondent nos.1 to 5.

Due to Covid 19 situation the matter is taken through Video Conference.

1. This is the matter when the Securitisation Application No.29/2014 was dismissed in default.

2. The Miscellaneous Application No.35/2021 has been moved for restoration of that Securitisation Application No.29/2014.

3. Since 2014 nothing has been paid to the respondent-bank, I

am

not

interested

in

reviving

that

Securitisation

Application.

4. In view of the above, I pass the following order through video conferencing:

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ORDER

A. The Miscellaneous Application No.35/2021 is hereby dismissed.

IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET [SBJ] (MA No.35/2021) Page 2 of 2

B. The applicants are at liberty to file the fresh Securitisation Application in case the respondent bank proceeds further under the securitisation action. C. File be consigned to the record room.

All 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

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