Allowed
Uco Bank v. MD Asgar
DRTMA/108/2022
Case brief
AI extract
What is this about?
The Tribunal allowed an application by Uco Bank to withdraw a Recovery Certificate (RC no. 200 of 2016). The withdrawal was permitted as the matter was compromised and the amount was received.
What did the court decide?
MA allowed; RC no. 200 of 2016 dismissed as withdrawn; original documents to be returned.
What the court decided
AI extract
¶1
Date of I3rder or proceeding
¶2
| te of I3rder proceeding |
DEBTS RECOVERY TRIBUNAL, PATNA Order with the Signature of the Court |
Office action taken with data |
|---|---|---|
| MA 108 of 2022 Uco Bank Vs Md Asgar Present: Shri Atya RanjanSinha ld. Counsel for the applicant None for the respondent |
||
| 15.7.2022 | This Miscellaneous Application has been filed by applicant seeking permission to withdraw the RC no. 200 of2016 in OA no.284 of2015. It is stated therein that the matter has been compromised and the compromise amount has been received by the applicant bank. This application is supported by a copy of letter dated 4.10.2021 address to Shri Satya Ranjan Sinha ld. counsel for the applicant bank with instructions to withdraw the OA in question. Under the circumstances, the MA stands allowed and RC no. 200 of 2016 is dismissed as withdrawn. No order as to costs. Original documents, if any lying with the Tribunal be returned to the applicant bank as per rule. Consigned the record. A Copy of order be sent to the parties and Ld. Recovery Officer for necessary action. Order be uploaded on the Tribunal's website. Patna (Kaushalendra Yadav Presiding Officer |
) |
Issues for consideration
1 issue framed by the court
AI extract
Whether permission to withdraw an objection account is allowable when the matter is compromised and amount received.
Parties & counsel
AI extract
- applicant
Uco Bank
- respondent
Md Asgar
Coram
AI extract
Kaushalendra Yadav
Case details
As recorded by the court registry
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