The Debts Recovery Tribunal disposed of an application for withdrawal of a recovery case as migrant settlement.
Disposal of the application as withdrawn; refund of court fee granted to the applicant.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. (IA |
OA/444/2022 /909/2024) OMKARA ASSETS RECONSTRUCTION PRIVATE LI Vs. JAI BALAJI INDUSTRIES LIMITED & ORS. |
MITED |
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 07/05/202 4 |
Ld. Advocates, Mr. Debashis Karmakar and Mr. Satyam Ojha appear for the Applicant ARC. Ld. Advocate, Ms. Sharmista Sinha appears for Defendants no. 1 to 4. Ld. Advocate moves the withdrawal petition bearing no. IA/909/2024. In the said application it is stated that during pendency of the Recovery Proceedings there has been a settlement between the parties and the Bank has received Rs. 2,11,00,00,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. |
|
| This application is affirmed by Smt. Yasmeen Khan, the Authorised Officer of the ARC and her signature is identified by Advocate on record. Ld. Advocate for the Applicant ARC 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled.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 |
AC
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
the Rules for which the applicant may move before the learned Registrar of this Tribunal who may take decision in accordance with rules and regulations of the subject.
IA/908/2024 filed in OA/444/2022 for put up the records. As the record is put up IA/908/2024 is disposed of.
(Ambuja Mohan Das) Presiding Officer
AC
1 provisions across 1 enactments
OMKARA ASSETS RECONSTRUCTION PRIVATE LIMITED
JAI BALAJI INDUSTRIES LIMITED
(Ambuja Mohan Das)
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
