In the DT, Aurangabad, the court allowed the applicant bank's application granting permission to withdraw an issued recovery certificate and directing the recovery officer to close the proceedings as the dispute was amicably settled.
Misc. App No.60/2022 allowed; Recovery Proceedings closed; Recovery Certificate withdrawn.
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
| 23 Sr |
.08.202 . No.01 |
2 MA No.60/2022 |
|---|---|---|
| Classifica tion |
No. of Exh. |
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| MISCELLANEOUS APPLICATION NO.60/2022 State Bank of India ..Applicant Versus Gajanan Paints & Hardware ..Respondent Mr. P. S. Agrawal – Advocate for the applicant. None for the respondent. The matter is taken through Video Conference. 1. Mr. P.S. Agrawal, 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 |
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| withdraw the Recovery Certificate No.51/2020 issued in | ||
| Original Application No.683/2017 as the account is | ||
| amicably settled between the parties under One Time Settlement Rin Samadhan 2020-21 Scheme and the respondents have paid entire amount as per settlement and the applicant bank has issued No Dues letter to the borrower and as such the loan account is closed. 3. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied. |
[SBJ]
(MA No.60/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 4. In view of the above, I pass the following order through |
|---|
| Video Conference: |
| ORDER |
| A. Miscellaneous Application No.60/2022 is allowed. |
| B. Copy of this order be sent to the learned Recovery |
| Officer for information. C. The Recovery Officer is directed to close the Recovery Proceedings. D. The Recovery Officer may look into the factum with the original documents if in the file, the same shall be returned to the applicant bank as per procedure. E. Consign the file to the Record Room (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (MA No.60/2022) Page 2 of 2
1 issue framed by the court
Whether the learned Recovery Officer has been directed to close recovery proceedings after the loan account has been amicably settled.
State Bank of India
Gajanan Paints & Hardware
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
