Disposed

Icici Bank Limited v. Nikesh Shaw and Anr.

DRT23 Sept 2024OA/239/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal disposed of the original objection application and a put-up interim application as withdrawn and settled. ICICI Bank withdrew its recovery proceedings after receiving a settlement payment and sought refund of court fees.

What did the court decide?

The objection application and pending interim applications were dismissed as withdrawn; refund of court fee to be decided by the Registrar.

Icici Bank Limited versus Nikesh Shaw and Anr. — Banking and Recovery | DRT (2024)

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DEBTS RECOVERY TRIBUNAL 1, KOLKATA

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Page No.-	Order Sheet( continuation)
Case NO. OA IA/2040/202	/239/2023 4 ICICI BANK LIMITED Vs. NIKESH SHAW & ANR.
Date of the order	Order with signature	Office action with date and dated signature of parties when necessary
23/09/2024	None appears for the Applicant Bank and The applicant bank submitted the withdrawal petition, bearing application no. IA/2040/2024. In the above said application it is stated that the Applicant has filed a Recovery application for recovery of a sum of Rs.29,97,468.00/- 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. 11,65,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Shamim Aslam, the Authorized Signatory of the Bank and his signature is identified by Advocate on record. Ld. Advocate for the Applicant Bank also prays for refund of application fee. 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled.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/2039/2024 is moved which is a put up application. Since the record is put up, the IA/2039/2024 is disposed of.
	(Ambuja Mohan Das) Presiding Officer

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DEBTS RECOVERY TRIBUNAL 1, KOLKATA

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Icici Bank Limited v. Nikesh Shaw and Anr.

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Nikesh Shaw and Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

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Parties & counsel

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