Allowed

State Bank of India v. M/S Sree Guru Sales and Marketing Pvt. Ltd. and Ors.

DRT4 Sept 2023OA/453/2022

Case brief

AI extract

What is this about?

The Court allowed and disposed of a withdrawal petition (I.A. No. 2126 of 2023) filed by the applicant bank, as the underlying matter was amicably settled via an on-time settlement for a reduced amount.

What did the court decide?

I.A. No. 2126 of 2023 allowed and disposed of as withdrawn; O.A. No. 453 of 2022 and pending I.As disposed of as withdrawn, settled amicably.

State Bank of India versus M/S Sree Guru Sales and… — Contract and Commercial Disputes | DRT (2023)

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Order Sheet (Continuation)

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casexo.oiiJ	c{ill2oil StateBankofIndia-vs- M/sSree	Gurusales
	and Marketinq Pvt.Ltd& Ors.
Dateof Order	Orderwithsignature	Officeactio. withdate Signatureof
	ForApplicantrLdAdvocateI\4oumitaSharmaforD.Lahrri. ForDefendant:None. fhecaseistakenupforhearing. HeardtheLd.Counselfor the ApplicantBank. Consider. LA.No.2125of2023isa putuppetition.Sincerecord hasbeenputupI.A.No.2125of 2023isdisposed of. Ld.CounselfortheapplicanthasfiledI.A.No.2126of 2023tnOA/453/2022 whichisa withdrawalpetition.Inview ofthefactthatO.A. wasfiledforseekinq recoveryof Rs.4,15,77,346/-Duringthependencythematterhasbeen settledfora sumofRs.4,00,00,000/-underOTSagainstthe loan account. The Applicant Bank has realizedandreceived the settled amount andmadeprayertowithdrawthematter. Theapplicantbank hasissued"NoDueCertificate"on 06.O7.2023.Nooneispresentfor theO.A.defendants. Sincethisisanamicable settlement betweentheO.A. Applicant andthedefendantsnoprejudicewillbecausedto theO.A.defendantsiftheirTesponseis notinvited onthis l.A.No,2126of2023.Accordinglytheirreply isdispensed with.Thereis nootherimpedimentifprayerissoallowed. AccordinglyI.A.No. 2126of2023is allowedanddisposedof aswithdrawnassettledamicably. O.A. No.453of 2022andI.A.No.2126 of 2023along withpendingI.Asifany aredisposedofaswithdrawnas settledamicably. File be consignedtotherecordroomafterobtainlng allformalities. (KamalDe) PresidingOfficer DRT-3,Kolkata

State Bank of India v. M/S Sree Guru Sales and Marketing Pvt. Ltd. and Ors.

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S Sree Guru Sales and Marketing Pvt. Ltd. and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

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