Appeal against a DRT order settled out of court. Counsel submitted the matter was settled and accounts closed. No adjudication was required. The appeal was disposed of without merits.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appeal No. 12 of 2023
(Arising out of S.A. 403 of 2018 in DRT, Visakhapatnam)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
14.07.2023 Union Bank of India … Appellant -VsM/s. Yashwitha Cotton Traders & 3 Others … Respondents
Mr. Pankaj Kumar Mukherjee, Learned Counsel for Appellant
Mr. Nemani Srinivas with Mr. Subir Bera, Learned Counsel for Respondent
THE APPELLATE TRIBUNAL :
Vakalatnama filed by Learned Counsel for Respondent is taken on record.
Heard the Learned Counsel for the parties.
Affidavit filed by Respondent No. 3 is taken on record.
Learned Counsel for Appellant submits that the matter has been
settled and the accounts have been closed.
Learned Counsel for Respondent No. 3 states that he accepts the
sale conducted by the Bank.
In view of the submission made by the parties, there remains nothing to be adjudicated.
Accordingly, the instant appeal, being Appeal No. 12 of 2023, is disposed of.
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.
Order dictated, signed, dated and pronounced in open Court.
(Anil Kumar Srivastava,J) Chairperson
Dated: 14th July, 2023 07/ac
Union Bank of India
M/s. Yashwitha Cotton Traders
Unknown Third Party
Unknown Fourth Party
Anil Kumar Srivastava
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
