The Tribunal allowed an applicant bank's application to withdraw a recovery certificate due to an amicable settlement where the loan amount was fully paid. Directions were issued to close recovery proceedings and return files.
Permission to withdraw Recovery Certificate No.25/2012; directions to Recovery Officer to close proceedings and return file.
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.9 |
23 9 MA No.2/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| MISCELLANEOUS APPLICATION No.2/2023 Union Bank of India ..Applicant Versus M/s. Vijaykumar and Company & others ..Respondents Mr. S.R. Deshpande - Advocate for the applicant None for the Respondents. 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.25/2012 issued in Original Application No.2596/1999 as the account is amicably settled between the parties and the respondents have paid entire amount of Rs.10 Lacs (Rupees Ten Lacs only) as per settlement and the applicant-bank vide its letter dated 16th April, 2022 has intimated the advocate about settlement certificate in this respect 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. 3. In view of the above, I pass the following order through Video Conference: ORDER |
||
| A. Miscellaneous Application No. 2/2023 is allowed. |
[SBJ] ( MA No.2/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
E. Consign the file to the Record Room. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] ( MA No.2/2023) Page 2 of 2
Union Bank of India
M/s. Vijaykumar and Company
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
