DRT allowed withdrawal of recovery proceedings after the applicant bank reported amicable settlement with respondents, who paid the full outstanding amount.
Withdrawal of Recovery Proceeding No.31/2013 allowed and recovery proceedings 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
| 0 S |
9.01.20 r. No.1 |
23 00 MA No.3/2023 |
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| Classifi cation |
No. of Exh. |
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| MISCELLANEOUS APPLICATION No.3/2023 Maharashtra State Financial Corporation ..Applicant Versus Vanita d/o Arun Jagtap & others ..Respondents Mr. S.R. Deshpande - 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 Proceeding No.31/2013 issued in Original Application No.128/2011 as the account is amicably settled between the parties and the respondents have paid entire amount of Rs.11,00,000/- (Rupees Eleven Lacs only) as per settlement and the applicant-bank vide its letter dated 05th |
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| January, 2022 has intimated the advocate about withdrawal of this Recovery Proceeding No.31/2013 and as such the loan account is closed. 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 |
[SBJ] (Miscellaneous Application No. No.3/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
Video Conference:
ORDER A. Miscellaneous Application No. 3/2023 is allowed.
B. Copy of this order be sent to the learned Recovery Officer for information.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (Miscellaneous Application No. No.3/2023) Page 2 of 2
1 issue framed by the court
Whether the Debts Recovery Tribunal should allow the withdrawal of recovery proceedings upon amicable settlement and full payment by respondents.
Maharashtra State Financial Corporation
Vanita d/o Arun Jagtap & others
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
