Order disposing of Original Application No. 451/2023 Filed by IndusInd Bank Ltd. seeking recovery. Dismissed as withdrawn after parties reached an amicable settlement.
O.A. 451/2023 and all other pending I.As disposed of as dismissed as withdrawn by way of amicable settlement.
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| Order Sheet( continuation) | ||
|---|---|---|
| Case No. OA/451/20 |
23 IndusInd Bank Ltd. Vs. M/s Singhi Trading Co. |
& Ors. |
| Date of Order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 24/01/2024 RC |
Ld counsel Ms. Shreya Bhatia appears for the applicant bank. The applicant bank has filed I.A. 102 of 2024 by put up IA No.101/2024 praying for withdrawal of the O.A. 451 of 2023 seeking recovery of Rs.1,74,95,290.31P. During the pendency of the matter, the applicant and the defendant had arrived at a compromise and settled the dues of the applicant in the instant OA and have paid Rs. 1,45,00,000/- of the outstanding dues. No Due Certificate has been issued in favour of the defendant, which is annexed to the instant I.A. Hence, the applicant has prayed for withdrawal of the instant O.A. In view of the amicable settlement arrived at between the parties, the instant I.A. and all other pending I.As are disposed of along with O.A. 451 of 2023 in the category of dismissed as withdrawn as amicably settled. File be consigned to the record room. (AMBUJA MOHAN DAS) PRESIDING OFFICER DRT-I, KOLKATA |
IndusInd Bank Ltd.
M/s Singhi Trading Co.
As recorded by the court registry
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