In a miscellaneous application, the Debts Recovery Tribunal allowed the withdrawal of recovery proceedings as the dispute was settled under an OTS scheme and the settlement amount was paid in full.
Recovery Proceedings No.85/2020 are closed and the disposal is communicated to the Recovery Officer.
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 TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 21 Sr |
.07.20 . No.5 |
22 5 M.A No.56/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
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| MISCELLANEOUS APPLICATION No.56/2022 IN ORIGINAL APPLICATION NO.364/2016 IDBI Bank Ltd. ..Applicant/s Versus Babasaheb Kachru Idhate & others ..Respondents Mr. A.S. Pathak – Advocate for the applicant None for the respondents |
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| Due to Covid 19 situation the matter is taken through Video Conference. 1. Mr. A.S. Pathak, the learned counsel appearing for the applicant bank, requested to Registry for listing the matter through video conference due to Covid-19 situation as per extent guidelines. Thus, the matter is placed through Video Conference. |
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| 2. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw |
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| the Recovery Proceeding No.85/2020 issued in Original Application No.364/2016 as the settled the matter between the parties under OTS (SKBY-II) Scheme and the respondents have paid the entire Settlement amount of Rs.4,53,486/- (Rupees Four Lacs Fifty-Three Thousand Four Hundred and Eighty-Six only). 3. The applicant has made out the case for withdrawal of the RecoveryCertificate as it is satisfied. |
[SBJ] (MA No. 56/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (MA No. 56/2022) Page 2 of 2
1 issue framed by the court
Whether the recovery proceedings should be closed upon payment of the settlement amount?
2 provisions across 2 enactments
IDBI Bank Ltd.
Babasaheb Kachru Idhate & others
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
