Application allowed on a negotiated settlement. Applicant to issue no-dues certificate. Recovery certificate if terms not met. Court fees refunded.
Application allowed; settlement admitted; no-dues certificate to be issued; recovery certificate applicable on default.
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IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
| 14.09. Sr. No |
2023 .03 OA No. 323/2022 |
|
|---|---|---|
| Classif ication |
No. of Exh. |
|
| ORIGINAL APPLICATION NO. 323 of 2022 | ||
| Bank Of Baroda ..Applicant Versus Mr. Dattatray Tabaji Kolase & others ..Defendants Mr. Satyajit R Vakil - Advocate for the applicant. 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. |
||
| 06 | 2. The learned counsel for the applicant has filed notarized negotiated settlement terms (Exhibit-06) 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 per the terms & conditions mentioned in the settlement agreement. 4. In view of the above, I pass the following order through Video Conferencing. |
||
| ORDER A. Original Application No.323/2022 stands allowed as prayed for. B. In case amount is paid as settled as per settlement agreement (Exhibit-06) which is a part and parcel of the final order, the Original Application shall be treated as satisfied. C. The bank is directed to issue no-dues certificate and release |
[APK] (OA No.323/2022) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
the securities upon payment as per settlement.
G. Consign the file to the Record Room and orders be uploaded on official web-site. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[APK] (OA No.323/2022) Page 2 of 2
1 issue framed by the court
Whether the Original Application should be allowed on a negotiated settlement between the applicant and the respondents.
Bank Of Baroda
Mr. Dattatray Tabaji Kolase
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
