Allowed

Hdfc Bank v. M/S Fortune Industries, and Ors.

DRT27 Nov 2024OA/348/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal disposed of a withdrawal petition filed by the Bank. The Bank sought withdrawal of a recovery proceeding following a settlement where it received part payment of dues. The application for refund of court fee was noted to be handled by the Registrar.

What did the court decide?

Applications disposed of as dismissed; Bank entitled for refund of Court Fee subject to Registrar's decision.

Hdfc Bank versus M/S Fortune Industries, and Ors. — Contract and Commercial Disputes | DRT (2024)

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DEBTS RECOVERY TRIBUNAL 1, KOLKATA

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Page No.-	Order Sheet( continuation)
Case NO. OA	/348/2023 HDFC BANK
IA/2543/202 IA/2544/202	4 & 4 Vs M/S FORTUNE INDUSTRIES, AND ORS.
Date of the order	Order with signature	Office action with date and dated signature of parties when necessary
	Ld. Advocates Ms. Mekhala Kanji and Ms. Gitasree
27/11/2024	Chattopadhayay appear for the Applicant Bank and presses the withdrawal petition, bearing application no. IA/2544/2024. In the above said application it is stated that the Applicant has
	filed an Recovery application for recovery of a sum of Rs.36,58,698.18/- 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. 21,20,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Ms. Ashiana Siddiquee, Authorised Signatory of the Bank and her 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled.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/2543/2024 is moved which is a put up application. Since the record is put up, the IA/2543/2024 is disposed of. (Ambuja Mohan Das) Presiding Officer

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(Sp)

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DEBTS RECOVERY TRIBUNAL 1, KOLKATA

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(Sp)

Hdfc Bank v. M/S Fortune Industries, and Ors.

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. M/S Fortune Industries, and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

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