The applicant bank withdrew its recovery proceedings due to a settlement reached between the parties, where the bank received Rs. 27,00,000/- in full and final settlement. The pending objections were accordingly dismissed as withdrawn.
Pending objections (OA and IAs) dismissed as withdrawn due to withdrawal of the recovery petition.
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DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. OA IA/1697/202 |
/129/2023 4 INDIAN BANK Vs. M/S. BARUUNI SPRITS PVT. ORS. |
LTD. & |
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 08/08/2024 | None appears for the Applicant Bank. Ld. Advocates, Ms. Sananda Ganguli & Mr. Masrur Ahamed, appear for the Defendants. The applicant bank submitted the withdrawal petition, bearing application no. IA/1697/2024. In the above said application it is stated that the Applicant has filed a Recovery application for recovery of a sum of Rs.92,61,857.00/- including interest and other reliefs. During pendency of the Recovery Proceedings there has been a settlement between the parties and the Bank has received Rs. 27,00,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Nalini Ranjan Kumar, the Chief Manager of the Bank and his signature is identified by Advocate on record. In view of this, no prejudice will be caused to the OA defendants if their response is dispensed with in this IA. This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. (Ambuja Mohan Das) Presiding Officer |
AC
Indian Bank
M/S. Baruuni Sprits Pvt. Ltd.
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
