Allowed

Indian Bank v. M/S C-Tech It Solution and Anr.

DRT4 Dec 2023OA/324/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the withdrawal of the recovery proceedings after the respondent settled the debt and obtained a No Dues certificate from the bank. The court directed the return of the Title Deed within 15 days and dismissed the remaining proceedings as settled.

What did the court decide?

Order allowing withdrawal of O.A. No.324/2022 and incidental applications as settled; directing return of Title Deed within 15 days.

Indian Bank versus M/S C-Tech It Solution and Anr. — Banking and Recovery | DRT (2023)

¶1

Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation)

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Case No. OAl324 /2022

¶3

Indian Bank Vs. M/s C-Tech IT Solution and Anr.

¶4

Dateof Order	Orderwithsignature
OIdcLNo- ot.4/t212023 SL.No.26	Present: ForApplicant:l4s.JA Kulsum,LdCounsel ForDefendantrNone
som	Ld CounselfortheApplicantfiledLA.No. 3231of2023inO.A, No,324 of2022inviewofthefactthattheO,A.wasfiledseeking recoveryofRs.49,80,968.56/-andprayedforwithdrawalofthe present O.A.TheapplicationissupportedbyaffidavitofMr. Gourav Kumar Rajak,Branchlvlanageroftheapplicant^Bank. DuringthependencyoftheO.A,thedefendanthave^paid Rs.14,00,000/-asaonetime settled amountandthe^applicant bank has realizedandreceivedthe settled amountandissued'No Duescertificate'dated2211U2022andmade^{prayertodisposeof} thematterfornon^prosecution.Thereis no other^impedimentif prayerissoallowed. Accordingly,I.A.No.3231ot2023^is disposed of aswithdrawnassettled amicably.^{I.A.No.3230being} the putup^petitionis also disposedof. The Applicant is directedtoreturnthe^{originalTitleDeedtothe} O.A.defendantsifitisnotalready^{returnedwithin15daysfrom} the date ofthisorder.Sofaras^{refund ofCourtfeeis concerned,} theApplicantisdirectedto^{file afresh petitionbeforetheLd} Registrarwhowilltake appropriate^{decisionin the matterasper} extantrules,
	O.A. No.324of2022^{alongwithallpendingI A.s,ifany,are} dismissedaswithdrawnassettled^amicably. File beconsiqnedto^RecordRoom
	(KamalDe) PresidingOfficer DRT-3,Kolkata

Indian Bank v. M/S C-Tech It Solution and Anr.

Case brief

What is this about?

What did the court decide?

Indian Bank v. M/S C-Tech It Solution and Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

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