The Tribunal allowed the Original Application as settled. It directed the bank to issue a no-dues certificate and release securities upon payment per the settlement agreement.
Original Application allowed as settled. Bank directed to issue no-dues certificate, release securities, return title documents, and refund court fees.
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 |
4.09.2 r. No.0 |
023 6 OA No.298/2022 |
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| Classifi cation |
No. of Exh. |
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| ORIGINAL APPLICATION No.298/2022 Union Bank of India ..Applicant Versus M/s Sai Fresh Milk Agro & Food Products through its Proprietor Prasad Raosaheb Chaudhari & others ..Defendants Mr. S. R. Deshpande - Advocate for the applicant-bank. None for the defendants. The matter is taken through Video Conference. 1. In this matter, the counsel for the applicant submits that the matter is settled between the parties and it may be disposed off. |
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| 2. The learned counsel for the applicant has filed pursis along with notarized negotiated settlement terms which is taken on record. 3. The terms of settlement is signed by the defendant and confirms that the matter is settled between the parties as |
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| per the terms & conditions mentioned in the settlement agreement. |
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| 4. In view of the above, I pass the following order through Video Conferencing. ORDER |
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| A. Original Application No.298/2022 stands allowed as prayed for. |
[APK] (OA No.298/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[APK] (OA No.298/2022) Page 2 of 2
Union Bank of India
M/s Sai Fresh Milk Agro & Food Products
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
