State Bank of India withdrew an appeal before the Debt Recovery Appellate Tribunal after submitting that the underlying account had been closed out of court.
Appeal dismissed as withdrawn.
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
(Appeal No. 75 of 2019)
(Arising out of S.A. 21 of 2019 in DRT, Cuttack)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
27.04.2022 State Bank of India … Appellant -vsM/s. Crackers India Infrastructure Limited & 4 Others … Respondents
Mr. Subrata Kumar Sinha, Learned Counsel for Appellant
None for Respondents
THE APPELLATE TRIBUNAL :
Learned Counsel for the Appellant Bank submits that the matter has been settled out of Court and Appellant may be permitted to withdraw the appeal. Learned Counsel produces a letter before this Tribunal, bearing no. SBI/SARB/BBSR/SCP/KCM/12/21 dated 19th July, 2021, written by State Bank of India, Stressed Assets Recovery Branch, Bhubaneshwar addressed to the Learned Counsel, wherein it is mentioned that the ‘Account has been closed’
In view of the statement made by the Bank in their letter dated 19th July, 2021, and in view of the submission of the Learned Counsel for Appellant Bank, the appeal, being Appeal No. 75 of 2019, is dismissed as withdrawn.
Letter no. SBI/SARB/BBSR/SCP/KCM/12/21 dated 19th July, 2021 filed by Learned Counsel for Appellant Bank, be kept with the record.
Copy of the order be supplied to Appellant and the Respondents and a copy be also forwarded to the concerned DRT.
File be consigned to Record room.
(Anil Kumar Srivastava,J) Chairperson
Dated: 27th April, 2022 09/ac
State Bank of India
M/s. Crackers India Infrastructure Limited & 4 Others
Anil Kumar Srivastava
As recorded by the court registry
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