An order disposing of a recovery application and an originating application as withdrawn. The bank sought withdrawal after receiving a settlement sum and refund of fees.
The applications were disposed of in the category of dismissed as withdrawn.
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| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. OA/ IA/1701/202 |
60/2023 4 & IA/1702/2024 STATE BANK OF INDIAVs. MS ASHOK BRICKS INDUSTRIES PRIVATE LIMITED AND ORS |
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| Date of the order |
Order with signature |
Office action with date and dated signature of parties when necessary |
| Ld. Advocate Mr. Dinesh Chandra Singhappears for the |
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| 01/08/2024 | Applicant Bank and pressing the withdrawal petition no. IA/1701/2024. In the above said application it was stated that the Applicant has filed an Recovery application for recovery of a sum of Rs.26,89,11,492.25/- 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. 14,04,00,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Suresh Chandra Panda, the Assistant General Manager of the Bank and his 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled.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/1702/2024is moved which is a put up application. Since the record is put up, the IA/1702/2024is disposed of. (Ambuja Mohan Das) Presiding Officer |
STATE BANK OF INDIA
MS ASHOK BRICKS INDUSTRIES PRIVATE LIMITED AND ORS
Ambuja Mohan Das
As recorded by the court registry
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