The application was dismissed as withdrawn because the applicant bank received full settlement of dues during proceedings and wished to discontinue the case.
The objection application and pending IAs were dismissed as withdrawn due to settlement of the debt.
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.
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. OA IA/1035/202 |
/592/2022 3 INDIAN BANK Vs. M/S. BALASORE ALLOYS LTD. & |
ORS. |
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 12/06/202 3 |
Ld. Advocates, Ms. Ahana Rakshit & Mr. Anirban Pramanick appear for the Applicant Bank and pressing the withdrawal petition, bearing application no. IA/1035/2023. In the above said application it was stated that the Applicant has filed an Recovery application for recovery of a sum of Rs.11,27,57,124.00/- including interest and other reliefs. During pendency of the Recovery Proceedings there has been a settlement |
|
| between the parties and the Bank has received Rs. 11,27,57,124.00/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. N. Anbarasan, the Assistant General Manager of the Bank and his signature is identified by Advocate on record. In view of this, no prejudice will be caused to the OA defendants if their response is dispensed with in this IA. This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. IA/1036/2023 is moved which is a put up application. Since the record is put up, the IA/1036/2023 is disposed of. (Ambuja Mohan Das) Presiding Officer |
AD
INDIAN BANK
M/S. BALASORE ALLOYS LTD.
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
