The Tribunal allowed an application by the applicant bank to withdraw a recovery certificate after the respondents settled the loan amount under the One Time Settlement Scheme and closed their account.
Permission to withdraw Recovery Certificate No.158/2020, closure of recovery proceedings, and return of original documents to the applicant bank.
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, DRT AT AURANGABAD) ORDER SHEET
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0.01.20 r. No.1 |
24 2 MA No.05/2024 |
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| MISCELLANEOUS APPLICATION No.05/2024 Maharashtra Gramin Bank ..Applicant Versus Late Seva Varju Rathod (Deceased) through LRs. & others ..Respondents Mr. J.R. Kalyankar - Advocate for the applicant None for the Respondents. The matter is taken through Video Conference. 1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.158/2020 issued in Original Application No. 654/2017 as the LRs of Respondent No.01 approached the bank and compromised his loan account under the prevailing One Time Settlement Scheme of the applicant bank and the respondents have paid entire amount of Rs.07 Lacs (Rupees Seven Lacs only) as per settlement and as such the loan account is closed on 20thSeptember, 2023. 2. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied. 3. In view of the above, I pass the following order through Video Conference: ORDER A. Miscellaneous Application No. 05/2024 is allowed. |
[SBJ]
(MA No. 05/2024) Page 1 of 2
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad
[SBJ]
(MA No. 05/2024) Page 2 of 2
Maharashtra Gramin Bank
Late Seva Varju Rathod (Deceased) through LRs. & others
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
