Allowed

United Bank of India v. M/s True Style

DRT15 Apr 2023MA/56/2023

Case brief

AI extract

What is this about?

In MA 56 of 2023, the Debts Recovery Tribunal, Patna allowed the applicant Bank's application to withdraw recovery certificate RC no. 176 of 2018 following a compromise and receipt of amount. The order directed dismissal of the RC, no order as to costs, and return of original documents.

What did the court decide?

Permission granted to withdraw recovery certificate RC no. 176 of 2018; order as to costs; original documents to be returned.

United Bank of India versus M/s True Style — Banking and Recovery | DRT (2023)

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Office action taken with data

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Date of order or proceeding	DEBTS RECOVERY TRIBUNAL, PATNA Order with the Signature of the Court
	MA 56 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. 176of2018 in OA no.367 of2017. 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 Pramod Kumar Mishra, Chief Manager, Punjab National Bank, SASTRA Head, SASTRA, Co Patna, R. Block Patna which substantiates the contents of the application. Under the circumstances, the MA stands allowed and RC no.176 of 2018 is dismissed as withdrawn.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.
	A Copy of order be sent to the parties and Ld. Recovery Officer for necessary action.
	Order to be uploaded on the Tribunal's website. (KaUS~dra Yadav Presiding Officer Patna

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United Bank of India v. M/s True Style

Case brief

What is this about?

What did the court decide?

United Bank of India v. M/s True Style

Case brief

What is this about?

What did the court decide?

What the court decided

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