DEBT RECOVERY APPELLATE TRIBUNAL
Justice Shri G. CHANDRASEKHARAN
Y Bhaskar – Appellant
Versus
UNION BANK OF INDIA (CORPORATION BANK) – Respondent
O R D E R
1. Appellant has filed this Appeal challenging the order dated 08.11.2024 passed by Learned Presiding Officer, DRT-I, Karnataka at Bengaluru, in IA 1759/2024 in SA 404/2024.
2. Appellant filed SA 404/2024 on the file of DRT-I, Karnataka at Bengaluru, to quash and set aside the impugned Sale Notice dated 13.10.2022; set aside the Sale Certificate issued, if any, and for other reliefs.
2.1 Since the Securitization Application was filed with a delay of 638 days, the Appellant filed IA 1759/2024 seeking condoning of the delay in filing the Securitization Application. Learned Presiding Officer, DRT-I, Karnataka at Bengaluru, on going through the records, and after hearing the submissions of the Learned Counsel appearing for the parties, found that Appellant had not shown due diligence in filing the Securitization Application in time, and in the absence of valid explanation and when there is gross negligence and lack of bonafides on the part of the Appellant, refused to condone the delay of 638 days, and thus dismissed the Application filed for condoning the delay in filing the Securitization Application, and ultimately the Securitization Application was dismissed. Aggrieved again
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