The Tribunal allowed the Bank of Maharashtra's application to withdraw a Recovery Certificate as the account was amicably settled and full payment made, directing closure of recovery proceedings.
Miscellaneous Application No.73/2022 allowed; Recovery Certificate withdrawn; Recovery Proceedings closed.
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IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
10.11.2022
| S | r. No.1 | 0 MA No.73/2022 |
|---|---|---|
| Classifi cation |
No. of Exh. |
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| MISCELLANEOUS APPLICATION No.73/2022 Bank of Maharashtra ..Applicant Versus Mr. Prabhakar Chandrabhan Jadhav and others ..Respondents |
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| Mrs. A.B.Karadkhedkar - Advocate for the applicant None for the Respondents. The matter is taken through Video Conference. |
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| 1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.05/2016 issued in Original Application No. 75/2012 as the account is amicably settled between the parties and the respondents have paid entire amount as per settlement and the applicant-bank has issued No Dues letter to the borrower. 2. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied. |
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| 3. In view of the above, I pass the following order through Video Conference: ORDER A. Miscellaneous Application No.73/2022 is allowed. |
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| B. Copy of this order be sent to the learned Recovery Officer for information. |
[APK] (MA No. 73/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
C. The Recovery Officer is directed to close the Recovery Proceedings.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[APK] (MA No. 73/2022) Page 2 of 2
Bank of Maharashtra
Mr. Prabhakar Chandrabhan Jadhav
Vimal Gupta
As recorded by the court registry
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