The Tribunal allowed a Miscellaneous Application seeking withdrawal of a Recovery Certificate due to successful compromise and receipt of dues by the bank.
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.
• DEBTS RECOVERY TRIBUNAL, PATNA -D-a-t-eofl--o-rd-e-r-.--------------~~~~~~Orderwiththe~~~~~~~------------rOvffilceac=tio=n
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DEBTS RECOVERY TRIBUNAL, PATNA -r-.--------------~~~~~~Orderwiththe~~~~~~~------------rOvffilceac=tio=n Signature of the Court |
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| MA 45 of2023 | |
| 15.04.2023 | The case has been taken up in Lok Adalat. Parties have been encouraged for settlement. |
| This Miscellaneous Application has been filed by applicant seeking permission to withdraw the RC no. 450 of 2022 in OA no.365 of 2021. |
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| It is stated therein that the matter has been compromised and the said amount has been received by the applicant bank. This application is supported by an affidavit of Shri Mukesh Kumar, Senior Manager, Punjab National Bank, Kotwali, Gaya which substantiates the contents of the application. |
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| Under the circumstances, the MA stands allowed and RC no.450 of 2022 is dismissed as withdrawn. No order as to costs. Original documents, if any lying with the Tribunal be returned to the applicant bank as per rule. Consigned the record. |
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| A Copy of order be sent to the parties and Ld. Recovery Officer for necessary action. |
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| Order to be uploaded on the Tribunal's website ~/ (Kaushalendra Yadav Presiding Officer Patna |
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1 issue framed by the court
Whether the applicant bank is entitled to withdraw the recovery certificate upon settlement.
Punjab National Bank
Recovery Officers
Kaushalendra Yadav
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
