Allowed

State Bank of India v. Sanjay Adsul

DRT4 Jun 2024MA/36/2024

Case brief

AI extract

What is this about?

In Misc. Application No.36/2024, the Debts Recovery Tribunal allowed the State Bank of India's application to withdraw recovery proceedings after the loan account was settled via One Time Settlement and the respondent paid the outstanding amount, with a No Dues Certificate issued.

What did the court decide?

Recovery proceedings closed and consigned to the record room; original documents returned to the applicant bank.

State Bank of India versus Sanjay Adsul — Execution and Attachment | DRT (2024)

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IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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0 S	4.06.20 r. No.2	24 2 MA No.36/2024
Classifi cation	No. of Exh.
		MISCELLANEOUS APPLICATION No.36/2024 State Bank of India ..Applicant Versus Sanjay Uttreshwar Adsul ..Respondent Mr. S.R. Shirsat h/for Mr. Arun V. Rakh - Advocate for the applicant None for the Respondents. The matter is taken through Hybrid. 1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Proceeding No.38/2015 issued in Original
		Application No.94/2013 which was allowed on
		12-08-2015 as the loan account is settled under One Time Settlement in the National Lok Adalat dated 09^thDecember,
		2023 and the amount of Rs.8,70,000/- (Rupees Eight Lacs Seventy Thousand only) has paid by the respondent and as such the loan account is closed and the bank has also issued No Dues Certificate on 31^stJanuary, 2024. 2. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied.

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[SBJ]

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(MA No. 36/2024) Page 1 of 2

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IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET

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In view of the above, I pass the following order: ORDER A. Miscellaneous Application No. 36/2024 is allowed. B. Copy of this order be sent to the learned Recovery Officer for information.

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C. The Recovery Officer is directed to close the Recovery
Proceedings and also consigned to the record room.
D. The Recovery Officer may look into the factum with the
original documents if in the file, the same shall be
returned to the applicant bank as per procedure.
E. Consign the file to the Record Room.

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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

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[SBJ]

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(MA No. 36/2024) Page 2 of 2

State Bank of India v. Sanjay Adsul

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sanjay Adsul

Case brief

What is this about?

What did the court decide?

What the court decided

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