Allowed

State Bank of India v. Prakash Pandurang Ghule

DRT15 Sept 2022MA/62/2022

Case brief

AI extract

What is this about?

This order allowed a miscellaneous application filed by State Bank of India seeking withdrawal of a Recovery Certificate. The Tribunal permitted withdrawal as the account was amicably settled under One Time Settlement following respondent's deposit, and directed the Recovery Officer to close the proceedings.

What did the court decide?

Withdrawal of Recovery Certificate No.33/2020 permitted; Recovery Proceedings No.33/2020 closed and file consigned to Record Room.

State Bank of India versus Prakash Pandurang Ghule — Banking and Recovery | DRT (2022)

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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15 Sr	.09.20 . No.3	22 5 MA No.62/2022
Classific ation	No. of Exh.
		MISCELLANEOUS APPLICATION No.62/2022 State Bank of India ..Applicant Versus Prakash Pandurang Ghule & others ..Respondents Mrs. A.B. Karadkhedkar - Advocate for the applicant. None for the respondents. The matter is taken through Video Conference. 1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.33/2020 issued in Original Application No.65/2018 as the account is amicably settled between the parties under One Time Settlement and the respondents have deposited of Rs.2,76,240/- (Rupees Two Lacs Seventy-Six Thousand Two Hundred Forty only) and as such the loan account of the respondents had closed.
		2. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied. 3. In view of the above, I pass the following order through Video Conference: ORDER A. Miscellaneous Application No.62/2022 is allowed.
		B. The Recovery Proceeding No.33/2020 is permitted to be

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[SBJ] (MA. No.62/2022) Page 1 of 2

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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withdrawn

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C. Copy of this order be sent to the learned Recovery Officer for information.

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D. The Recovery Officer is directed to close the Recovery Proceedings.

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E. 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.

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F. Consign the file to the Record Room.

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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[SBJ] (MA. No.62/2022) Page 2 of 2

State Bank of India v. Prakash Pandurang Ghule

Case brief

What is this about?

What did the court decide?

State Bank of India v. Prakash Pandurang Ghule

Case brief

What is this about?

What did the court decide?

What the court decided

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