Bank of India v. M/s. B.N Parida
Case brief
What is this about?
In this appeal, the Debts Recovery Appellate Tribunal allowed the bank's challenge against an order reopening settled proceedings. The Tribunal held that the matter was settled via a prior agreement and the lower court wore no power to reopen it for unrelated grievances.
What did the court decide?
The impugned order reopening the hearing was set aside; costs awarded.
What the court decided
1
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Appl. Dy No. 294 of 2021
(Arising out of M.A. 30 of 2021 – S.A. 84 of 2017 – DRT-Cuttack)
THE HON’BLE JUSTICE SHRI ANIL KUMAR SRIVASTAVA, CHAIRPERSON
Order No. 23
13.12.2024
- The Authorised Officer – cum – Asst. General Manager, BANK OF INDIA having office at Jayadev Vihar Branch, Star House,1/1D, Jayadev Vihar, Nayapalli, Bhubaneswar – 751015.
- The AUTHORISD OFFICER, BANK OF INDIA Zonal Office at 1/D STAR HOUSE, JAYDEV VIHAR, NAYAPALLI, BHUBANESWAR – 751015.
... Appellants
--Vs--
- M/s. B.N Parida having office at Indoo, A/12 Surya Nagar, Bhubaneswar, Pin 751003 Odisha.
Issues for consideration
1 issue framed by the court
Whether the District Recovery Tribunal could reopen settled matters and grant new relief unrelated to the terms of the settlement agreement.
Parties & counsel
- appellant
Bank of India
- respondent
M/s. B.N Parida
- respondent
Sarad Prasanna Parija
- respondent
Barada Prasanna Parija
- respondent
Indumati Devi
- respondent
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · December
- CNR
- 191090002942021
- Topic
- Banking and Recovery
All orders in this case
8 orders share this CNR
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