P.K. Bhasin, Chairperson.[1] The appellant had guaranteed re-payment of loan granted to a Company by the name of M/s Reema Papers Pvt. Ltd. by Andhra Bank, respondent no.1 herein. He had also created equitable mortgage of his land in Uttaranchal to further secure the re-payment o...
P.K. Bhasin, Chairperson[1] The appellant feeling seriously hurt by totally unwarranted observations and remarks made by the learned Presiding Officer of DRT-I, Chandigarh in his ex parte order dated 22.9.2017, and which damaging remarks according to the appellant were aimed at h...
P.K. Bhasin, J.[1] Today, another application seeking waiver of the condition of pre-deposit of 50% of the amount of debt in question has been filed. Counsel for the appellants says that they are not in a financial position to comply with the requirement of pre-deposit of 50% of ...
P.K. Bhasin, Chairperson[1] In this appeal, Counsel for the appellant has already argued. Since on the last date there was no appearance on behalf of respondent Bank, the matter was kept for today to give an opportunity to Bank Counsel to argue, but, today also Bank remains unrep...
P.K. Bhasin, J.[1] One Hans Raj Garg (since deceased) is the villain in this litigation where two Public Sector Banks were left behind by him high and dry after his death to fight legal battles to recover crores of public money. One Bank is Bank of Rajasthan which had advanced so...
P.K. Bhasin, Chairperson[1] The appellant along with his brother Jatinder Pal Singh admittedly were defaulters in re-payment of the loan which they took from the respondent Bank in the year 2012 on installment basis. Since they defaulted in re-payment as per the re-payment schedu...
P.K. Bhasin, Chairperson[1] The respondent-Financial Institution had extended financial assistance to one Company by the name of M/s. Kayser India Pvt. Ltd. (hereinafter referred to as the 'borrower Company') to the tune of five crores of rupees in February, 2014. Loan was repaya...
P.K. Bhasin, J.[1] By this order I shall be disposing of I.A. No. 765/2017 moved by the appellant for condonation of delay of 62 days in filing of this appeal against the order of the Tribunal below whereby the Securitisation Application (S.A.) filed by the respondents herein to ...
P.K. Bhasin, J.[1] Counsel for the appellant has filed rejoinder today. Today, learned Counsel for the respondents has submitted that since this Tribunal has stayed the operation of the order passed by the DRT in favour of the respondents, while entertaining the Bank's appeal aga...
P.K. Bhasin, Chairperson[1] Abn Amro Bank NV, now known as the Royal Bank of Scotland NV and which is the appellant in Appeal No. 198/2012 and reference to which Bank will hereinafter be made as 'The Bank', had in the beginning of the year 2005 granted home loan of Rs. 1,25,00,00...