Yes Bank v. Ajay Pal and Ors.
Case brief
What is this about?
The Debts Recovery Tribunal allowed the withdrawal of a transfer application because the parties reached an amicable settlement and the entire settlement amount was paid, disposing all pending applications.
What did the court decide?
Withdrawal of the transfer application allowed; the application dismissed as withdrawn; all pending applications disposed of.
What the court decided
Debts Recovery Tribunal-Il, Delhi
TAl23412022
YES BANK VS AIAY PAL AND ORS
19.10.2023
Item no.Bl
Present: Sh. Shubham, Counsel forapplicant bank
Matter is taken through V.C.
IA/doc. no.497Ll2023 has beenfiled by the applicant bank for withdrawal of thepresent TA.
The Ld. Counsel for the applicantbank submitsthat the matter is amicably settled betweenthe parties and the entire amount of settlement has beenpaid. He further submits that he wish to withdraw thepresent TA.
In view of amicable settlement,IA/doc.no.4871 12023is allowed. TAl234l2O22is dismissedas withdrawn,being amicably settled.All thepending IAs stand disposed of.
File be consigned torecord room.
Parties & counsel
- applicant
YES BANK
- respondent
AIAY PAL AND ORS
Coram
SUSHIL KUMAR RASTOGI
Case details
As recorded by the court registry
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