Idbi Bank v. M/S Sharad Industries
Case brief
What is this about?
The tribunal disposed of the arrears recovery application as the account was settled and closed. Original documents were ordered returned and court fees refunded.
What did the court decide?
Original Application No.244/2023 stands disposed off; original documents returned to bank; court fees refunded.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL, AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD)
ORDER SHEET
20.03.2024
| Sr | . No.0 | 4 OA No.244/2023 |
|---|---|---|
| Classifi cation |
No. of Exh. |
|
| ORIGINAL APPLICATION No.244/2023 IDBI BANK ..Applicant Versus M/s. Sharad Industries ..Defendants Mr. A.S. Pathak - Advocate for the applicant bank. None for the defendants. The matter is taken through Hybrid. 1. The learned counsel appearing for the applicant-bank submits that the matter has been settled between the parties and the entire amount has been received by the bank and the account is closed. He requests for disposal of the matter. 2. The counsel requests for return of the original documents and also refund of the court fees as per rules. 3. In view of the above statement made by the counsel for the applicant- bank, I pass the following order. |
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| ORDER A. As the account is closed and nothing remains to be paid the Original Application No.244/2023 stands disposed off. |
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| B. The original title documents, if any filed be returned to the Authorised Officer of the applicant bank as per rules. |
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| C. The court fees be refunded as per rules and as per the orders passed by the Hon’ble Bombay High Court. D. Consign the file to the Record Room**. (Vimal Gupta)** Presiding Officer Debts Recovery Tribunal, Aurangabad |
[SBJ] (OA No.244/2023) Page 1 of 1
Parties & counsel
- applicant
IDBI Bank
- respondent
M/s. Sharad Industries
Coram
Vimal Gupta
Case details
As recorded by the court registry
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