The Debts Recovery Tribunal allowed an application filed by the Bank of Baroda, restoring a previously withdrawn recovery proceeding after the respondent failed to honor settlement terms in the Lok-Adalat.
Misc. Application No.17/2024 is allowed with costs and the Recovery Proceeding no.86/2014 is restored.
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.
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, AURANGABAD) ORDER SHEET
| 19.03. Sr. No |
2024 .33 M.A. No.17/2024 |
|
|---|---|---|
| Classific ation |
No. of Exh. |
|
| MISC. APPLICATION No.17/2024 | ||
| Bank Of Baroda .. Applicant Versus M/s Citizen Printing Press & others .. Respondent |
||
| Mr. Kulkarni Vivek B - Advocate for the applicant. None for respondents 1. The learned counsel for the applicant submits that the matter has been settled with the bank and accordingly they have withdrawn the Recovery Proceeding no. 86/2014 in Lok-Adalat held on 11.02.2023, but the respondent has not paid as per the terms of compromise. |
||
| 2. In view of the above statement made by the counsel for the applicant, I pass the following order : ORDER |
||
| A. Misc. Application No.17/2024 is allowed with costs. | ||
| B. The Recovery Proceeding no. 86/2014 is hereby restored. No need to issue fresh demand notice only notice for appearance be issued by the Recovery Officer. C. Consign the file to the Record Room and orders be uploaded on officialweb-site |
||
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad |
[APK]
Bank Of Baroda
M/s Citizen Printing Press & others
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
