The Debts Recovery Tribunal allowed the applicant bank's miscellaneous application to withdraw the recovery proceeds No.24/2020 on the ground that the loan was amicably settled via One Time Settlement and the account was closed.
Miscellaneous Application No.67/2022 allowed; Recovery Proceeding No.24/2020 permitted to be withdrawn and ordered closed.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
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.09.202 . No.65 |
2 MA No.67/2022 |
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No. of Exh. |
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| MISCELLANEOUS APPLICATION NO.67/2022 Canara Bank ..Applicant Versus Shri Premsingh Bhagwan Chavan & others ..Respondents Mr. S. R. Deshpande – Advocate for the applicant bank. Advocate for the respondent. 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.24/2020 issued in Original Application No.543/2018 as the account is |
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| amicably settled between the parties under One Time | ||
| Settlement and the respondents have deposited of | ||
| Rs.6,22,894/- (Rupees Six Lacs Twenty-Two Thousand Eight Hundred Ninety-Four only) and as such the loan |
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| 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 |
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| A. Miscellaneous Application No.67/2022 is allowed. |
[SBJ] (MA No.67/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
[SBJ] (MA No.67/2022) Page 2 of 2
1 issue framed by the court
Whether permission is required from the Tribunal to withdraw a recovery certificate upon settlement of account.
Canara Bank
Shri Premsingh Bhagwan Chavan & others
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
