Bank of India applied to withdraw an recovery proceeding after settling with the debtors. The Debts Recovery Tribunal disposed of the matter as settled amicably upon receipt of the agreed amount and issuance of a No Due Certificate.
Withdrawal of the recovery petition allowed and matter disposed of as 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)
| CaseNo.OA | /50/2023 Bankof India -vs-M/sSriKrishna &Anr. |
Enterprise |
|---|---|---|
| Dateof order |
Orderwithsignature | Offi€eaction withdate anddated Signatureof |
| OrderNo.O9 ot.2uo8l2023 8e |
Present: ForApplicant:LdAdvocatel4r.S.GhoshandlYr.U.K.Sah. ForDefendant:None. Thecase istakenupforhearing. HeardtheLd.Counselfor the ApplicantBank. Consider. Ld.Counselfortheapplicant hasfiledI.A.No.2110of 2023inOA/50/2O23whichisawithdrawalpetition.Inview ofthefactthatO.A. wasflledforseeking recoveryof Rs.41,29,577.35P.Duringthependencyofthematterthe casehas beensettledforasumofRs.11,90,000/-aqainst theloanaccount.TheApplicantBankhasrealizedand receivedthesettledamountandmadeprayertowithdraw thematter.Theapplicantbankhasissued"NoDue Certificate" dated 30.01,2023.NooneispresentfortheO.A. defendants.Sincethis is anamicablesettlementbetween theO.A.Applicantandthedefendantsnoprejudicewillbe causedtotheO,A, defendantsiftheirresponseisnotinvited onthisI.A.No. 2110of 2023.Accordinglytheirreplyis dispensedwith.There isnoother impedimentifprayerisso allowed.AccordinglyI.A.No. 2110of2023isallowedand disposedofaswithdrawnassettledamicably.I.A.No2109 of2023tsalso disposedofasaputup. O.A. No. 50of2023 andI.A.No. 2110of2023along withpendingI.Asifany aredisposedofaswithdrawnas settledamicably. Filebeconsignedtotherecord roomafterobtaining allformalities. (KamalDe) PresidingOfficer DRT-3.Kolkata |
1 provisions across 1 enactments
Bank of India
M/s Sri Krishna
Kamal De
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
