Allowed

Idbi Bank v. Vijay Auto Works Pvt. Ltd.

DRT4 Dec 2023OA/222/2023

Case brief

AI extract

What is this about?

In Debts Recovery Tribunal No.2, Mumbai, the Court allowed the Interlocutory Application regarding withdrawal of Original Application No.222 of 2023. The matter was settled between IDBI Bank and Vijay Auto works Pvt. Ltd. for Rs.3.75 crores, permitting the withdrawal of the suit.

What did the court decide?

Permission granted to withdraw the Original Application No.222 of 2023 due to settlement. Original Application dismissed as withdrawn. Court fees refunded.

Idbi Bank versus Vijay Auto Works Pvt. Ltd. — Banking and Recovery | DRT (2023)

¶1

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER)

¶2

Sr. No.27

¶3

INTERLOCUTORY APPLICATION No.2490 of 2023

¶4

¶5

ORIGINAL APPLICATION

NO.222 of 2023

IDBI Bank

… Applicant

Versus

Vijay Auto works Pvt. Ltd.

¶11

… Defendant

¶12

Mr Dhrumil Shah i/b M/s. MDP & Partners – Advocates for the applicant.

¶13

None for defendant.

¶14

Shri Deepak M. Thakkar Presiding Officer,^th December 2023.

¶15

ORDER

¶16

The parties have amicably settled the matter for an amount in the sum of Rs.3.75 crores. Upon receipt of the amount, the applicant closed the loan account and requests the Tribunal to grant permission to withdraw the Original Application. Permission granted.

¶17

Interlocutory Application No.2490 of 2023 is allowed with no order as to costs.

¶18

Sd/-

¶19

(Deepak M. Thakkar) Presiding Officer, DRT-2, Mumbai

¶20

Radhika

¶21

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

¶22

(BEFORE HON’BLE PRESIDING OFFICER)

ORDER SHEET

04.12.2023

Sr. No.27

		OA No.222 of 2023
classifi- cation	No. of Exh.	IDBI Bank Vs. Vijay Auto Works Pvt. Ltd.
		Mr Dhrumil Shah i/b M/s. MDP & Partners – Advocates for the applicant. None for defendant.
		1. Order in Interlocutory Application No.2490 of 2023 passed separately.
		2. In view of the order passed in Interlocutory Application No.2490 of 2023, Original Application No.222 of 2023 stands dismissed as withdrawn with no order as to costs. 3. The learned Registrar is directed to refund the court fees as per the Rules.
		Sd/- Presiding Officer, DRT-2, Mumbai

¶27

Radhika

Idbi Bank v. Vijay Auto Works Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

Idbi Bank v. Vijay Auto Works Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Canara Bank versus Jagjit Kaur Bhasin

Icici Bank Limited versus Chirag Travels Co.

Icici Bank Limited versus Rahul

Bank of Baroda (Dena Bank) versus M/s Akhilesh Tours and Travels

Icici Bank Limited versus Shakeel Aref Sayyed

Bank of Maharashtra versus M/S Vennus Bioceuticals Pvt. Ltd.