Canara Bank v. M/s. Powder Point
Case brief
What is this about?
DRT allowed an interlocutory application from Canara Bank permitting withdrawal of Original Application due to settlement, leading to dismissal of the main application with refund of court fees.
What did the court decide?
Interlocutory application allowed; Original Application dismissed as withdrawn; court fees refunded.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
(BEFORE HON’BLE PRESIDING OFFICER)
Sr. No.23
INTERLOCUTORY APPLICATION (Exhibit-7) In ORIGINAL APPLICATION NO.913 of 2023
Canara Bank
… Applicant
Versus
M/s. Powder Point Nair … Defendant
Mr Akbar Rizvi – Advocate for the applicant. None for defendant.
Shri Deepak M. Thakkar Presiding Officer, 26th December 2023.
ORDER
- Mr Rizvi, representing the applicant, submits that the matter has been amicably settled for an amount in the sum of Rs.1.85 crores under the scheme set out in paragraph 3. The learned counsel requests the Tribunal (i) to refund the court fees and (ii) to permit the withdrawal of the Original Application. Permission granted.
Parties & counsel
- applicant
Canara Bank
Coram
Deepak M. Thakkar
Case details
As recorded by the court registry
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