Allowed

Union Bank of India v. M/S H Sherul and Company

DRT4 Jan 2024OA/528/2022

Case brief

AI extract

What is this about?

The applicant bank and respondent settled the dispute amicably. The bank issued a no dues certificate and released charges. The Tribunal permitted withdrawal of the recovery application, granted refund of court fees, and returned original documents. The withdrawal order is confirmed.

What did the court decide?

Permission granted to withdraw the Original Application; court fees to be refunded; original documents to be returned.

Union Bank of India versus M/S H Sherul and Company — Banking and Recovery | DRT (2024)

¶1

IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI (BEFORE HON’BLE PRESIDING OFFICER)

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Sr. No.26

¶3

INTERLOCUTORY APPLICATION No.2506 of 2023 In

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ORIGINAL APPLICATION NO.528 of 2022

Union Bank of India

… Applicant

Versus

M/s. H. Sherul and Co. Lukhi … Defendant

¶9

Ms Kajal Upadhyay i/b Ms Ashwinikumar Shah – Advocate for the applicant.

¶10

None for defendant.

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Shri Deepak M. Thakkar Presiding Officer, 4^th January 2024.

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ORDER

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The parties have amicably settled the dispute for Rs.27,47,62,000/in full and final satisfaction of the applicant’s claim. On 8^th August 2023, the applicant issued no dues certificate and released all the charges favoring the 1^st defendant. The applicant requests the Tribunal to refund the court fees and return the original documents. The learned counsel requests the Tribunal to grant permission to withdraw the Original Application. Permission granted. Interlocutory Application No.2506 of 2023 is allowed with no order as to costs.

¶14

Sd/-

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(Deepak M. Thakkar) Presiding Officer,

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DRT-2, Mumbai

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Nidhi

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IN THE DEBTS RECOVERY TRIBUNAL No.2, MUMBAI

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(BEFORE HON’BLE PRESIDING OFFICER)

ORDER SHEET

04.01.2024

Sr. No.26

		OA No.528 of 2022
classifi- cation	No. of Exh.	Union Bank of India Vs. M/s. H. Sherul & Company Lukhi
		Ms Kajal Upadhyay i/b Ms Ashwinikumar Shah – Advocate for the applicant. None for defendant.
		1. Order in I.A. No.2506 of 2023 passed separately. 2. In view of the order passed in I.A. No.2506 of 2023, O.A. No.528 of 2023 stands dismissed as withdrawn with no order as to costs.
		3. The learned Registrar is directed to (i) refund the court fees and (ii) return the original documents as per the Rules. 4. All pending IAs stands disposed of.
		Sd/- Presiding Officer, DRT-2, Mumbai

¶24

Nidhi

Union Bank of India v. M/S H Sherul and Company

Case brief

What is this about?

What did the court decide?

Union Bank of India v. M/S H Sherul and Company

Case brief

What is this about?

What did the court decide?

What the court decided

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