The Tribunal allowed an application to withdraw a recovery certificate as the loan account was amended and closed due to an amicable settlement where the respondent paid Rs. 05 Crores.
Misc. Application No. 65/2023 allowed; Recovery Certificate withdrawn; Recovery Proceedings closed.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
| 1 S |
0.11.20 r. No.2 |
23 1 MA No.65/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
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| MISCELLANEOUS APPLICATION No.65/2023 | ||
| Bank of Baroda ..Applicant Versus |
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| Shri Kedareshwar Sahakari Sakhar Karkhana Ltd. & others ..Respondents Mr. S.R. Vakil - 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 Certificate No.11/2013 issued in Original Application No.50/2009 as the account is amicably settled between the parties and the respondents have paid total amount of Rs.05 Crores (Rupees Five Crores only) and the said amount has been appropriated in the loan account and as such the loan account is closed. |
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| 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 |
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| A. Miscellaneous Application No. 65/2023 is allowed. | ||
| B. Copy of this order be sent to the learned Recovery Officer for information. |
[SBJ]
(MA No. 65/2023) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
C. The Recovery Officer is directed to close the Recovery Proceeding No.11/2013.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ] (MA No. 65/2023) Page 1 of 2
Bank of Baroda
Shri Kedareshwar Sahakari Sakhar Karkhana Ltd.
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
