Allowed

Canara Bank v. Trimar Abrasives

DRT24 Nov 2023OA/169/2022

Case brief

AI extract

What is this about?

In Original Application No. 169/2022, the Tribunal decreed the application following a settlement dated 09.09.2023. It directed satisfaction upon payment and allowed recovery certificate application if default occurred.

What did the court decide?

The application was decreed as prayed. If the amount is paid as per the settlement, the application stands satisfied. Liberty is granted to move for a recovery certificate if payment is not made.

Canara Bank versus Trimar Abrasives — Banking and Recovery | DRT (2023)

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IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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	24.11. Sr. No	2023 .35 OA No. 169/2022
Classific ation	No. of Exh.
		ORIGINAL APPLICATION NO. 169/2022 Canara Bank ..Applicant Versus Trimar Abrasives & others ..Defendants Mr.V.R.Patil - Advocate for the applicant-bank. None for the defendants. The matter is taken through Hybrid. 1. In this matter pursis has been filed stating that the settlement has taken place on 09.09.2023 and request to pass final order. 2. In view of the above, I pass the following order through video conferencing. ORDER A. Original Application No. 169/2022 stands decreed as prayed for. B. It the amount is paid as per the settlement the original application stands satisfied. C. The applicant bank is at liberty to move application for issuance of recovery certificate if the payment is not made as per the settlement terms.
		D. The original title documents, if any filed be returned to the Authorised Officer of the applicant bank as per rules. E. Consign the file to the Record Room and orders be uploaded on official web-site.
		(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[APK]

Canara Bank v. Trimar Abrasives

Case brief

What is this about?

What did the court decide?

Canara Bank v. Trimar Abrasives

Case brief

What is this about?

What did the court decide?

What the court decided

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