Allowed

State Bank of India v. Ujjawal Protiens Private Limited

DRT22 Nov 2022OA/6/2022

Case brief

AI extract

What is this about?

The DRT allowed the applicant bank's application to withdraw its Original Application after the debt was settled under a One Time Settlement scheme and fully paid. The court dismissed the original application and ordered the return of documents and refund of court fees.

What did the court decide?

Original Application No.6/2022 dismissed; documents to be returned and court fees refunded.

State Bank of India versus Ujjawal Protiens Private Limited — Insolvency and Bankruptcy | 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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22. Sr.	11.20 No.4	22 6 OA No.6/2022
Classific ation	No. of Exh.
		INTERLOCUTORY APPLICATION NO.1201/2022 IN ORIGINAL APPLICATION No.6/2022 State Bank of India ..Applicant Versus Ujjawal Protiens Pvt. Ltd. & others ..Defendants Mr. Arun Rakh – Advocate for the applicant. None for defendants The matter is taken through VC. 1. By this interlocutory application the applicant bank seeks permission of this Tribunal to withdraw the Original Application for an amount of Rs.13,71,38,904.45Ps. (Rupees Thirteen Crores Seventy-One Lacs Thirty-Eight Thousand Nine Hundred Four & Paisa Forty-Five Only). The applicant submits that the matter is amicably settled between the parties under One Time Settlement scheme for an amount ofRs.7,25,00,000/- (Rupees Seven Crores Twenty-Five Lacs only)and the entire amount has been paid as per settlement and account is closed. 2. The applicant therefore, seeks permission of this Tribunal to withdraw the Original Application. The applicant also seeks return of original documents and refund of the court fees. 3. The applicant has made out the case for withdrawal of the original application, return of original documents and refund of the court fees.

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[SBJ] (OA No.6/2022) Page 1 of 2

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD

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(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)

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ORDER SHEET

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In view of the above, I pass the following order through Video Conference:

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ORDER

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A. Interlocutory Application No.1201/2022 is allowed. Original Application No.6/2022 is dismissed as the bank has recovered the dues and nothing remains to be paid.

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B. As per DRT Regulation 25, other Original documents if any filed be returned by keeping certified copies on record through Authorised Officer only after the time of appeal or review is gone and not before that.

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C. Registry may refund of court fee as per Rule 5 of the Debts Recovery Tribunal (Refund of Court Fees) Rules, 2013.

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D. Consign the file to the Record Room.

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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[SBJ] (OA No.6/2022) Page 2 of 2

State Bank of India v. Ujjawal Protiens Private Limited

Case brief

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State Bank of India v. Ujjawal Protiens Private Limited

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