Allowed

Bank of Baroda ( Dena Bank ) v. Rupesh Patil

DRT19 Dec 2022MA/78/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application by the applicant bank to withdraw an issued Recovery Certificate. The withdrawal was permitted because the bank received the entire settlement amount from the borrower, the account was amicably settled, and a No Dues Letter was issued.

What did the court decide?

Miscellaneous Application allowed; Recovery Certificate withdrawn; Recovery Proceedings closed; File sent to Record Room.

Bank of Baroda ( Dena Bank ) versus Rupesh Patil — 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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1 S	9.12.2 r. No.	022 17 M.A No.78/2022
Classifi cation	No. of Exh.
		MISCELLANEOUS APPLICATION No.78/2022
		Bank of Baroda (Dena Bank) ..Applicant/s Versus Rupesh Rajaram Patil & others ..Respondents Mr. A. A. Mishra– Advocate for the applicant. None for the respondents. 1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.44/2015 issued in Original Application No.65/2014 as the account is amicably settled between the parties and the applicant-bank have received the entire amount as per settlement and they have issued No Dues Letter to the borrower. Therefore nothing is to be recovered from the Certificate Debtors. 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.78/2022 is allowed.
		B. Copy of this order be sent to the learned Recovery Officer

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[SBJ] (MA No. 78/2022) 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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for information.

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

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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.

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E. 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. 78/2022) Page 2 of 2

Bank of Baroda ( Dena Bank ) v. Rupesh Patil

Case brief

What is this about?

What did the court decide?

Bank of Baroda ( Dena Bank ) v. Rupesh Patil

Case brief

What is this about?

What did the court decide?

What the court decided

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Parties & counsel

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