Allowed

State Bank of India v. Ms Sinha Electric

DRT28 Nov 2024OA/294/2022

Case brief

AI extract

What is this about?

This single-paragraph order allows the applicant bank's withdrawal of appeal OA 294 of 2022 regarding a recovery dispute. The permission is made subject to a rider allowing the bank to revive the appeal if the borrower's pending DRT application (SA 432 of 2023 under Section 17(1)) is allowed.

What did the court decide?

Withdrawal of appeal OA 294 of 2022 allowed subject to revival if the borrower's pending DRT application is allowed.

State Bank of India versus Ms Sinha Electric — Banking and Recovery | DRT (2024)

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Order Sheet

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Case No. OA Date of the Order	294 of 2022 STATE BANK OF INDIA –VS- MS SINHA ELECTRIC Order with Signature	Office action with date and dated Signature of Parties when necessary
28.11.2024 (Sl. No. 8) (Order No. 14)	Mr.Pankaj Kumar Mukherjee. … For the Applicant Bank. Learned counsel for the applicant bank has filed IA 2724 of 2024 contending that case has been settled with the defendant and has filed ‘Account Closure Certificate’ along with the certificate of sale regarding sale of a property of the defendant in sarfaesi action. The borrower has filed an application under Section 17(1) before the DRT-3. Learned counsel for the applicant prays that in case SA 432 of 2023 is allowed, bank may be given opportunity to revive the OA. The prayer of the applicant bank for withdrawal of OA 294 of 2022 is allowed subject to rider that in case SA 432 of 2023 which is pending in DRT-3 is allowed, the applicant bank may revive their application.
	(Ambuja Mohan Das) Presiding Officer ac

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Date of the Order	Order with Signature	Office action with date and dated Signature of Parties when necessary

State Bank of India v. Ms Sinha Electric

Case brief

What is this about?

What did the court decide?

State Bank of India v. Ms Sinha Electric

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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