Allowed

Idbi Bank v. Sachin

DRT24 Nov 2023OA/234/2023

Case brief

AI extract

What is this about?

IDBI Bank filed an application seeking leave to withdraw its case (OA 234 of 2023) against Sachin Nikumbh. The Hon'ble DRT allowed the withdrawal after the bank settled the matter out of court, received the full settlement amount, and cited Satish Chand Gupta vs SBI precedent affirming the bank's right to decide litigation.

What did the court decide?

The Original Application (OA 234 of 2023) was disposed of as withdrawn by the Applicant Bank.

Idbi Bank versus Sachin — Banking and Recovery | DRT (2023)

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24/11/2023	Ex. No.	Before Presiding Officer Dr. Rekha G. Dhakar, DRT-1, Mumbai. *Roznama in OA 234 of 2023* *IDBI Bank Vs Sachin Nikumbh*	Next date
		Advocate Chetan Akerkar appeared for the Applicant. IA No. 3202/2023 1. The Ld. Counsel appearing for the Applicant Bank seeking permission to withdraw the Original Application as they have settled the matter out of court with the defendants and received towards full and final settlement of entire OA claim of Rs. 27,27,416/-. 2. Considered the contentions of Ld. Counsel for the applicant and gone through the record as well as case laws on the subject. 3. The Hon’ble High Court of Delhi in the matter of Satish Chand Gupta & Ors. Vs. SBI-W.P © 2588/2010 held that “…..DRT can have no objection to the same as the bank which is claimant has agreed to the same. The bank is dominus litis and it is for the bank to decide as to against which

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party it desires the litigation to continue. It is purely a contractual matter and the bank in its wisdom decided to settle the claim against the petitioners…..”. It was further laid down that the Tribunal appears to think that it is some kind of Ombudsman/ Auditor of the bank to scrutinize the settlement arrived between the parties. The Tribunal is no one to decide as to at what value the bank should settle its dues with the borrower especially when the bank has Managers who have acted in pursuance to authorization in their favour and after due consideration of the proposal of the petitioners….”. 4. In the light of above, since the account impugned has already been closed in terms of settlement between the parties and Bank has already received the entire settlement amount, further the bank has dominus litis in their matter, therefore, IA No. 3202/2023 is allowed and Original is as Application hereby disposed withdrawn. 5. The Registry of this Tribunal is hereby

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directed to return the complete
documents of the OA to the authorized
officer of the applicant bank before the
Ld. Registrar on 08/12/2023 after
obtaining necessary acknowledgment.
However, the order sheets as well as the
plaint and necessary documents shall be
kept with this Tribunal.
6. The applicant is directed to follow the
procedure of refund of court fees as per
the DRT (Refund of Court fee) Rules 2013.
File be closed and consigned to record room.
P.O.
DRT-I
Sgj/-77

Idbi Bank v. Sachin

Case brief

What is this about?

What did the court decide?

Idbi Bank v. Sachin

Case brief

What is this about?

What did the court decide?

What the court decided

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