Dismissed
Idbi Bank v. Til Limited and Ors.
DRTOA/166/2023
Case brief
AI extract
What is this about?
On withdrawal of a recovery application by IDBI Bank Limited after full settlement, the Debt Recovery Tribunal dismissed pending applications.
What did the court decide?
Withdrawal petition for application IA/834/2024 accepted. Other pending IAs disposed of as withdrawn. Bank entitled to refund of Court Fee via Registrar.
What the court decided
AI extract
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DEBTS RECOVERY TRIBUNAL 1, KOLKATA
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| Page No.- |
Order Sheet( continuation) |
|
|---|---|---|
| Case NO. OA IA/834/2024 |
/166/2023 IDBI BANK LIMITED Vs. TIL LIMITED |
|
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 22/04/2024 | Ld. Advocate, Ms. Gunja Pachisia appears for the Applicant Bank and presses the withdrawal petition, bearing application no. IA/834/2024. In the above said application it is stated that the Applicant has filed a Recovery application for recovery of a sum of Rs.4,84,64,207.00/- including interest and other reliefs. During pendency of the Recovery Proceedings there has been a settlement between the parties through OTS scheme of the Bank and the Bank has received full and final settlement amount of the dues. Hence, they do not want to proceed with the case. No dues certificate dated 05/02/2024 is attached with the petition. This application is affirmed by Mr. Anand Kumar, the Assistant General Manager of the Bank and his signature is identified by Advocate on record. Ld. Advocate for the Applicant Bank also prays for refund of application fees, vide application no. IA/842/2024. 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. The Applicant Bank is entitled for refund of Court Fee in terms of the Rules for which the applicant may move before the Registrar of this Tribunal who may take decision in accordance with rules and regulations of the subject. IA/843/2024 is moved which is a put up application. Since the record is put up, the IA/843/2024 is disposed of. (Ambuja Mohan Das) Presiding Officer |
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AC
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DEBTS RECOVERY TRIBUNAL 1, KOLKATA
Coram
AI extract
Ambuja Mohan Das
Case details
As recorded by the court registry
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