The Tribunal allowed the withdrawal of the Original Application filed by Yes Bank. The bank, as dominus litis, settled the dispute out of court and received the full amount, permitting the disposal of the proceedings.
The withdrawal of IA No. 2820/2023 is allowed and the application is disposed off.
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.
| 07/09/2023 | Ex. No. Before Presiding Officer Dr. Rekha G. Dhakar, DRT-1, Mumbai. Roznama in TA 727 of 2023 YES Bank Vs Adventure Innovative Solutions Nirbhavane |
Next date |
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| Advocate Vishal Tambat appeared for the Applicant. IA No. 2820/2023 1. The Ld. Counsel appearing for the Applicant Bank seeking permission to withdraw the Original Application as they have settled the matter out of court with the defendants towards full and final settlement of entire OA claim of Rs. 39,46,698.47/-. 2. Considered the contentions of Ld. Counsel for the applicant and gone through the record as well as case laws on the subject. |
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| 3. The Hon’ble High Court of Delhi in the matter of Satish Chand Gupta & Ors. Vs. SBI-W.P © 2588/2010 held that “…..DRT can have no objection to the same as the bank which is claimant has agreed to the same. The bank is dominus litis and it is |
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| for the bank to decide as to against which |
party it desires the litigation to continue. It is purely a contractual matter and the bank in its wisdom decided to settle the claim against the petitioners…..”. It was further laid down that the Tribunal appears to think that it is some kind of Ombudsman/ Auditor of the bank to scrutinize the settlement arrived between the parties. The Tribunal is no one to decide as to at what value the bank should settle its dues with the borrower especially when the bank has Managers who have acted in pursuance to authorization in their favour and after due consideration of the proposal of the petitioners….”. 4. In the light of above, since the account impugned has already been closed in terms of settlement between the parties and Bank has already received the entire settlement amount, further the bank has dominus litis in their matter, therefore, IA No. 2820/2023 is allowed and Transfer is as Application hereby disposed withdrawn. 5. The Registry of this Tribunal is hereby
directed to return the complete
documents of the OA to the authorized
officer of the applicant bank before the
Ld. Registrar on 21/09/2023 after
obtaining necessary acknowledgment.
However, the order sheets as well as the
plaint and necessary documents shall be
kept with this Tribunal.
6. The applicant is directed to follow the
procedure of refund of court fees as per
the DRT (Refund of Court fee) Rules 2013.
File be closed and consigned to record room.
P.O.
DRT-I
Sgj/-2
1 issue framed by the court
Whether the Debts Recovery Tribunal has the jurisdiction to object to the withdrawal of an application by the claimant bank upon settlement of dues.
Colour shows how this judgement treated each authority
Satish Chand Gupta & Ors. Vs SBIFollowed¶2
Satish Chand Gupta & Ors. Vs SBI-W.P © 2588/2010
1 provisions across 1 enactments
Yes Bank
Adventure Innovative Solutions Nirbhavane
Dr. Rekha G. Dhakar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
