Disposed

Bank of Baroda v. M/S Cygnus Chemical Company and Ors.

DRT23 Sept 2024OA/32/2023

Case brief

AI extract

What is this about?

Debts Recovery Tribunal disposed of an application for non-prosecution of an original order. The court settled the matter with the defendant bank recovering the amount and issued a No Dues Certificate. The original order was dismissed as withdrawn.

What did the court decide?

Original order dismissed; application for non-prosecution disposed as settled; applicant directed to return Title Deed.

Bank of Baroda versus M/S Cygnus Chemical Company and Ors. — DRT (2024) — LawSathi Research

¶1

Debts Recovery Tribuna!-3, Kolkata Order Sheet (Continuation)

¶2

caseNo.oAl3	2l2023 BankofBarodaVs.M/sCygnus Chemical C	Ors. ompany &
Dateof Order	Orderwithsignature	*ittt
OrderNo.5 ot.23t09t2024 Sl.No.56	Present: ForApplicant:Mr.RDhar,LdCounsel ForDefendant:None
50m	LdCounselfor theApplicant hasfiled I.A.No.3719of2024in viewof thefactthat theO.A. wasfiledseeking recoveryof^Rs. 38,08,551.58/-and^prayedfor withdrawalofthe^presentO.A. The applicationissupportedbyaffidavitofMr. ArghadeepGanguly, BranchManageroftheapplicant Bank. Duringthe^pendencyof theO.A,thedefendanthavecompromisedandsettled the matter andtheApplicant Bankhasrealizedandreceivedthesettled amount andissuedthe'NoDuesCertificate'dated3/02/2024and made prayertodisposeof thematterfornon^prosecution.There isnootherimpedimentifprayer is so allowed. Accordingly,I.A. No.3719of2024 isdisposedofaswithdrawnassettledamlcably. The Applicant is directedtoreturntheoriganalTitleDeedtothe O.A.defendantsifitisnotalready returnedwithin15days^from thedate ofthisorder.
	O.A.No.32of2023 alongwithall^pendinql.A.s,ifany,^are dismissedaswithdrawnassettled amicably. File beconsignedtoRecord Roomafterobservingall^formalities.
	(KamalDe) PresadingOfficer DRT-3,Kolkata

Bank of Baroda v. M/S Cygnus Chemical Company and Ors.

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. M/S Cygnus Chemical Company and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

Similar cases

Punjab National Bank versus Chandan Banerjee

Bank of India versus M/S Tirupati Concern

Smt Soma Chakraborty and Anr. versus Bank of Baroda

Punjab National Bank versus Purnima Das and Anr.

Punjab National Bank versus Samir Kumar Mondal and Ors.

Punjab National Bank versus Kanu Biswas and Anr.