The Tribunal allowed an application withdrawing a Recovery Certificate issued in Original Application No.41/2010, as the account was amicably settled via One Time Settlement with partial repayment, and directed the closure of recovery proceedings.
Miscellaneous Application allowed; Recovery Proceeding permitted to be withdrawn and closed.
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
| 27 Sr |
.09.202 . No.61 |
2 MA No.64/2022 |
|---|---|---|
| Classifica tion |
No. of Exh. |
|
| MISCELLANEOUS APPLICATION NO.64/2022 State Bank of India ..Applicant Versus Sandeep Shirsath & others ..Respondents Mrs. A.B. Karadkhedkar - Advocate for the applicant bank. 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.3/2011 issued in |
||
| Original Application No.41/2010 as the account is | ||
| amicably settled between the parties under One Time | ||
| Settlement and the respondents have deposited of Rs.4,91,000/- (Rupees Four Lacs Ninety-One Thousand |
||
| 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.64/2022 is allowed. |
[SBJ] (MA No.64/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ] (MA No.64/2022) Page 2 of 2
1 issue framed by the court
Whether permission should be granted to withdraw the Recovery Certificate upon amicable settlement and partial repayment.
State Bank of India
Sandeep Shirsath
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
