Debts Recovery Tribunal, Lucknow (for short 'DRT'), on Securitisation Application No. 435 of 2016 (for short "the Application"), instituted under Section ... physical possession of the secured assets during the pendency of the Securitisation Application. The DRAT, while allowing the appeal inter alia held that the Application
condone the delay of 554 days in filing the
Securitisation Application. The petitioner is also aggrieved by the
Possession Notice dated 27.4.2005 issued under Rule ... issued under Rule 8(5) of the
Rules respectively The securitisation application was filed under Section
17 of the Securitisation and Reconstruction of Financial Assets
petitioner), the petitioner approached the Debts
Recovery Tribunal by filing a Securitisation Application under
O.P.(DRT)No.360 of 2022 & conn.cases ... granting or refusing interim relief. It is submitted that the
Securitisation Application before the Tribunal under Section 17 of
the SARFAESI
under section 17 of the SARFAESI Act before the DRT
being Securitisation Application No. 94/2011. Vide order
dated 06.01.2015, the Recovery Officer rejected ... raised by respondent No. 1 and guarantors. The
DRT dismissed the Securitisation Application No.
94/2011.
3
2.3 According to the appellant, the appellant took
before the DRT Lucknow and after pleadings were exchanged, the Securitisation Application No.19 of 2018 was allowed by the DRT by its order dated ... been submitted on behalf of the petitioners that the Securitisation Application No. 19 of 2018 was allowed by the DRT after recording a specific finding
that DRT - III, Mumbai would have no jurisdiction to
entertain the Securitisation Application as the secured property
was situated in the State of Gujarat ... application pending before the Debts Recovery Tribunal and
the Appellate Tribunal may, on such application, make an order
for expeditious disposal of the pending application
38278/2010 has done just that by filing
Securitisation Application No.155/2011 before the
DRT.''
Concluding portion of the judgment ... application
under Section 17 of the SARFAESI Act. In that matter, the
application for condonation of 554 days delay in filing the
Securitisation Application under
interim application filed by the
respondent guarantors in their pending securitisation application. The
petitioners have directly filed these writ petitions without resorting to the
remedy ... under Section
13(2) of the Securitisation Act. They further sought ancillary reliefs in
the said securitisation application. Along with the securitisation
application, the respondent
interim application filed by the
respondent guarantors in their pending securitisation application. The
petitioners have directly filed these writ petitions without resorting to the
remedy ... under Section
13(2) of the Securitisation Act. They further sought ancillary reliefs in
the said securitisation application. Along with the securitisation
application, the respondent
Presiding Officer of the Debt
Recovery Tribunal-II, Ahmedabad in Securitisation
Application No.94 of 2020 filed by the
petitioners refusing to grant interim-relief ... Section 14 of the SARFAESI Act.
4.7. The petitioners thereafter, preferred
Securitisation Application No.94 of 2020 before
the Debt Recovery Tribunal-II (for short
