The Debt Recovery Tribunal disposed of an SARFAESI application after the respondent Bank accepted an out-of-court settlement offer from the applicant, agreeing to reward terms and conditions.
Acknowledging settlement terms, the Debt Recovery Tribunal disposed of Case SA/27/2022.
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
| Order Sheet (continuation) | ||
|---|---|---|
| Case NO. SA | /27/2022 VISHAL JUTE PVT LTD Vs. HDFC BANK & Anr. |
|
| Date of the Order |
Order with Signature | Office action with date and dated Signature of Parties when necessary |
| 11.05.2023 | Ld. Advocate Mr. Arnab Dutta and Ms. P. Chowdhury appears for the Sarfaesi Applicant Ld. Advocate Mr. Nimesh Mishra, Mr. Rajiv Maity and Ms. K. Deb appear for the Respondents. Ld. Advocate for the Sarfaesi Applicant has submitted that as per the order dated 01.05.2023 the Respondent Bank has accepted the offer and issued acceptance of settlement with terms and conditions mentioned in the letter dated 08/05/2023. It appears from the letter dated 08.05.2023 if the Applicant will be paid as per the letter dated 08.05.2023 no interest will be paid. The default clause 7 of letter dated 08.05.2023 will be applied upon the Applicant in the event of failure to pay as per the letter dated 08.05.2023. SA/27/2022 is disposed of in view of the settlement between the parties. |
|
| (Ambuja Mohan Das) Presiding Officer |
Rina S.
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
Rina S.
Vishal Jute Pvt Ltd
HDFC Bank
Ambuja Mohan Das
As recorded by the court registry
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