Dismissed

Punjab National Bank v. M/S Saibaba Textiles and Ors.

DRT15 May 2024OA/64/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Kolkata, disposed of Original Application No. 64/2023 and related legacy appeals. The applicant withdrew the application after the respondent settled the matter amicably, the bank received the amount, issued a No Dues Certificate, and sought dismissal for non-prosecution.

What did the court decide?

The Original Application No. 64/2023 and all pending legacy appeals were disposed of as withdrawn since the matter was settled amicably.

Punjab National Bank versus M/S Saibaba Textiles and Ors. — Banking and Recovery | DRT (2024)

¶1

Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation)

¶2

Case No. oAl64/2023

¶3

Punjab National Bank vs. M/s Saibaba^{Textilesand ors.}

¶4

Dateof Order	Orderwithsignature
	Present:
OlderNal DLl5fi5/2024 Sl.No.19	ForApp canliMr.O^PChowdhuryaonq^wlh SPaChowdhury,Ld. Counses ForDefendant:None
som	LdCounselfor theApplicantfiledLA.No. 7776^{of2024in \ttewof}
	the factthattheO.A. was^{filedseekrngrecoveryofRs.} 32,16,8?5.121-and^prayedfor withdrawal^{of thepresentO.A. The} applacationis supported by affidavit^{ofShriPranawKumar,Chief}
	lYanageroftheapplicant Bank. Durlngthe^{pendencyoftheO.A.} the defendanthave compromisedand^{settledthematrer andthe} applicant bankhas realizedandreceivedthe^{settled amountand}
	issuedthe 'NoDuesCertificate'dated29/1212023and^made prayertodisposeofthematterfornonprosecution.Thereisno oLherimpedrmentif^prayeris soallowed. Accordrngly,^LA.No
	7776of2024isdisposedofas withdrawn as^{setLledamrcably.} LA. No.1775 beingthe^putup^{petitionis also disposed of.}
	The ApplicantrsdirectedtoreturnlheoriginalTitleDeedto^the O.A.defendants rfitrsnotalready^{returnedwithin15daysFrom} the date ofthisorder-Sofarasrefund ofCourt^{feeisconcerned,} the Applicant mayapproach beforetheLd^{Registrarwhowilltake} appropriate decisioninthe matteras^{perextantrules.}
	O.A.No.64of2023 along^withall^{pendingLA.s,rfany,are} dismissedaswithdrawnassettledamrcably.
	File beconsignedloRecord Roomafterobserving allformalities.

¶5

¶6

( Kamal De ) Presrdrng OfFrcer DRT 3, Kolkata

Punjab National Bank v. M/S Saibaba Textiles and Ors.

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. M/S Saibaba Textiles and Ors.

Case brief

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What did the court decide?

What the court decided

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