The Debts Recovery Tribunal (ordered 25 June 2024) disposed of an ongoing application filed by Canara Bank as withdrawn and settled amicably, after the respondents compromised with the bank and obtained a No Dues Certificate.
Disposed of O.A. 430/2024 as withdrawn as settled amicably; O.A. 155/2023 and pending IAs dismissed as withdrawn as settled amicable.
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.
Debts Recovery Tribunal-3,Kolkata Order Sheet (Continuation)
Case No. OAl 155/2023
Canara Bank vs. sachinBhalotia and Ors.
| Dateof order |
Orderwithsignature |
|---|---|
| OrderNo.5 Dt.25t0612024 Sl,No.28 |
Present: ForApplicant ForDefendant Mr.DChakraborty,LdCounsel |
| som | Ld CounsetfortheApplicantfiledI A.No.430 of2024inviewof thefactthat theO.A.wasfiledseeking recoveryofRs 1,38,54,777.4O/-andprayedforwithdrawalof thepresentO A' TheapplicationissupportedbyaffidavitofMr.SauravKumar, SeniorManageroftheApplicantBank.Duringthependency of theO.A.the defendanthavecompromisedandsettledthematter andtheapplicantbank hasrealizedandreceivedthesettled amountandissued'NoDuesCertificate'andmade prayerto disposeofthematterfornonprosecution.Thereisnoother impedimentifprayeris so allowed, Accordingly,t A No430of 2024is disposedofaswithdrawnassettled amicably' The Applicant is directedtoreturn theoriginalTitleDeedtothe O.A.defendantsifitisnotalready returnedwithin15days from thedate ofthisorder. |
| O.A.No.155of2023alongwithallpending I.As,'f any,are dismissedaswithdrawnassettled amicably. File beconsignedtoRecord Roomafterobservlng allformalities |
|
| ( kamalDe) PresidingOfficer DRT-3,Kolkata |
Canara Bank
Sachin Bhalotia and Ors.
kamalDe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
