Disposed

Dunlop Hotel and Restaurent and Anr. v. Indian Overseas Bank

DRT22 Nov 2023SA/865/2023

Case brief

AI extract

What is this about?

The court disposed of a Section 17 appeal and related impugned orders as withdrawn after an amicable settlement between parties with full deposit of dues and issuance of No Dues Certificate by the bank.

What did the court decide?

The interim application for withdrawal was allowed with no response invited; main appeal and other pending I.A.s disposed as withdrawn as settled amicably.

Dunlop Hotel and Restaurent and Anr. versus Indian Overseas Bank — Arbitration | DRT (2023)

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Debts Recovery Tribunat-3, Kolkata Order Sheet (Continuation)

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Case No. SA/865/2023

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Dunlop Hotel & Restaurant & Anr. Vs. Indian Overseas

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DateofOrder	Orderwithsignature
OrderNo.4 Dt.22/11/2023 51.No.34	Present: ForApplicant: Ms. SMisra,Ld. Counsel ForDefendant:None.
som	LdCounselfor theApplicantfiledI.A,No.3076of2023 ptayingtor withdrawalofthemainS.A. Theapplicationissupportedby Affidavitof theapplicant Mr,Kala Chand SahaRoy, proprietorof Dunlop Hotel&Restaurant. Duringthependencyof theS.A.the matterhasbeensettledwith theRespondent Bankandtheentire amountofRs.1,18,97,567.15/-isdepositedby theapplicant. RespondentBankisnotgoingtocontinuewiththeinstant proceedingandhasissueda 'NoDuesCertificate,.Sincethisisan amicablesettlementbetweentheparties andtheRespondentBank intendstowithdraw themain S.A.,noprejudicewillbecausedif theI.A.isallowedwithout invitingresponsefrom otherside, Accordingly,theinstantLA.is allowed and standsdisposedofin thecategoryofdismissedas withdrawn assettledamicably.t.A. No.3075of 2023beingthe putuppetitionis also disposedof. S.A,No.865of2023 alongwithallotherpendingI.A.s,if any,are disposedofaswithdrawn. File beconsignedtoRecord Roomafterobservingall formalities. ) (KamalDe) PresidingOfficer DRT-3,Kolkata

DateofOrder

Orderwithsignature

OrderNo.4
Dt.22/11/2023
51.No.34

Present:
ForApplicant:
Ms. SMisra,Ld. Counsel
ForDefendant:None.

som

LdCounselfor theApplicantfiledI.A,No.3076of2023 ptayingtor
withdrawalofthemainS.A. Theapplicationissupportedby
Affidavitof theapplicant Mr,Kala Chand SahaRoy, proprietorof
Dunlop Hotel&Restaurant. Duringthependencyof theS.A.the
matterhasbeensettledwith theRespondent Bankandtheentire
amountofRs.1,18,97,567.15/-isdepositedby theapplicant.
RespondentBankisnotgoingtocontinuewiththeinstant
proceedingandhasissueda 'NoDuesCertificate,.Sincethisisan
amicablesettlementbetweentheparties andtheRespondentBank
intendstowithdraw themain S.A.,noprejudicewillbecausedif
theI.A.isallowedwithout invitingresponsefrom otherside,
Accordingly,theinstantLA.is allowed and standsdisposedofin
thecategoryofdismissedas withdrawn assettledamicably.t.A.
No.3075of 2023beingthe putuppetitionis also disposedof.
S.A,No.865of2023 alongwithallotherpendingI.A.s,if any,are
disposedofaswithdrawn.
File beconsignedtoRecord Roomafterobservingall formalities.
)
(KamalDe)
PresidingOfficer
DRT-3,Kolkata

Dunlop Hotel and Restaurent and Anr. v. Indian Overseas Bank

Case brief

What is this about?

What did the court decide?

Dunlop Hotel and Restaurent and Anr. v. Indian Overseas Bank

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

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