Bank of India v. Kapil
Case brief
What is this about?
Debts Recovery Tribunal allowed an interlocutory application seeking permission to withdraw an original money recovery application following an amicable settlement and full payment by the defendants.
What did the court decide?
Permission granted to withdraw the Original Application; matter dismissed as withdrawn.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER)
Sr. No.19
INTERLOCUTORY APPLICATION No.2639 of 2022 In ORIGINAL APPLICATION NO.230 of 2022
Bank of India … Applicant
Versus
Mr. Kapil Prakash Jain & Ors. … Defendants
Ms Harsha Shama i/b M/s. Nahush Shah Legal – Advocates for the applicant.
None for defendants.
Shri Deepak M. Thakkar Presiding Officer, 10th January 2023.
ORDER
- The applicant and defendants have amicably settled the matter under the Star Sanjeevani Scheme-2022 against the claim amount of ₹11,23,746.46/-. The defendants made the payment in the sum of ₹3 lakhs in full and final satisfaction of the applicant’s claime. Ms Sharma would submit that the applicant has received it and appropriated the amount in the borrower’s loan account. She further submits that the applicant has closed the loan account of the defendant on 15th September 2022. The learned counsel therefore, seeks the Tribunal’s permission to withdraw the Original Application. Permission granted.
Parties & counsel
- applicant
Bank of India
Coram
Deepak M. Thakkar
Case details
As recorded by the court registry
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