Allowed

Punjab National Bank v. M/s SriTribhuwan Chand Mill Board

DRT15 Apr 2023MA/61/2023

Case brief

AI extract

What is this about?

In MA 61 of 2023, the Patna Debt Recovery Tribunal, via Presiding Officer Kaushra Yadav, allowed the applicant bank's application to withdraw recovery certificate RC no. 75 of 2018 after the matter was compromised and amounts received in Lok Adalat.

What did the court decide?

Permission to withdraw recovery certificate no. 75 of 2018 granted; recovery proceedings dismissed as withdrawn.

Punjab National Bank versus M/s SriTribhuwan Chand Mill Board — Banking and Recovery | DRT (2023)

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Date of order or proceeding	DEBTS RECOVERY TRIBUNAL, PATNA Order with the Signature of the Court	Office action taken with data
	MA 61 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. 75 of2018 in OA no.284 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	Under the circumstances, the MA stands allowed and RC no.75 of2018 is dismissed as withdrawn. No order as to costs. Original documents, if any lying with the Tribunal be returned to the applicar..tbank 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. Patna (KaUSh~ra Yadav Presiding Officer

Punjab National Bank v. M/s SriTribhuwan Chand Mill Board

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. M/s SriTribhuwan Chand Mill Board

Case brief

What is this about?

What did the court decide?

What the court decided

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