Two appeals arising from Debt Recovery Tribunal orders were disposed of as settled. The court held that upon settlement of dues and return of title deeds, the appeals stand disposed.
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DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No. 64/2020 Arising out of S.A. No. 173/2014 (DRT-I, Delhi)
Sher Singh Vs Oriental Bank of Commerce & Anr.
&
Appeal No. 65/2020 Arising out of S.A. No. 172/2014 (DRT-I, Delhi)
Naveen Yadav Vs Oriental Bank of Commerce & Anr.
25.08.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Pallav Saxena, Ld. Counsel for the appellant
Mr. Mahesh K. Chaudhary, Ld. Counsel for the respondent bank
These matters have been taken up by me through Video Conferencing.
Learned counsels for the parties submit that the matters stand settled. The learned counsel for the appellants, however, states that though appellants have paid off the entire dues of the bank as per the settlement, the bank has neither issued no-dues certificate nor has returned an excess amount of Rs.2 lacs paid to the bank.
Learned counsel for the respondent bank submits that the bank has returned the title deeds of the property involved in the dispute, which itself amounts to issuing no-dues certificate. So far as the return of excess amount paid to the bank is concerned, the counsel for the respondent bank states, the appellants can approach the bank and settle the matter there.
In view of above, the appeals are disposed of as having settled.
(CHAIRPERSON)
-pk
Sher Singh
Oriental Bank of Commerce & Anr.
Naveen Yadav
Oriental Bank of Commerce & Anr.
Brijesh Sethi
As recorded by the court registry
4 orders share this CNR
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