The Tribunal allowed an application for withdrawal of the debt recovery petition as the matter had been settled amicably between the parties.
IA No. 2315 of 2023 allowed; O.A. No. 349 of 2022 and LA No. 2315 of 2023 disposed of as withdrawn and settled amicably.
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.
Order Sheet (Continuation)
Case No, OAl3491 2022 ICICI Bank Ltd. -vs- Md. Sayeed & Anr. Office action Date of Order with signature Order Signature of ot t51o912023 Present: RC For Applicant: Ld Advocate A.K. Sin9h. For Defendant: None. The case is taken up for hearing. Heard the Ld. Counsel for the Applicant Bank. Consider. Ld. Counsel for the applicant has filed I.A.No.2315 of 2023 in OA/349/2O22 which is a withdrawal petition. In view of the fact that O.A. was filed for seeking recovery of Rs.20,65,832/- During the pendency, the matter has been settled between the parties through compromise for a sum of Rs.7,40,000/-. The applicant bank has been received the full compromise amount and prayed for withdrawal of the instant matter. No one is present for the O.A. defendants no
prejudice will be caused to the O.A. defendants if their response is not invited on this I.A. No. 2315 of 2023. Accordingly their reply is dispensed with. There is no other
impediment if prayer is so allowed. Accordingly I.A. No. 2315 of 2023 is allowed and disposed of as withdrawn as settled a micably.
O.A. No. 349 of 2022 ard LA. No. 2j15 of 2023 atong with pendlng l.As if any are disposed of as withdrawn as scttled am ca bly.
So far refund of court fees is concerned, Ld. Counsel for the applicant bank is directed to approach before the Ld. Registrar of this Tribunal who will take appropriate decision as per law. Flle be consigned to the record room after obtaining all formalitles. \ rrimiro6l Presiding Officer DRT-3, Kolkata
ICICI Bank Ltd.
Md. Sayeed & Anr.
RC
Presiding Officer DRT-3, Kolkata
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
