The Single Judge disposed of an S.P. Application as withdrawn after the Applicants settled their loan account with the Respondent-Bank by depositing Rs. 41 Lakhs and receiving a No Dues Certificate.
The present S.P. Application stands disposed of as withdrawn.
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.
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CASE No
| DATE | DEScR PT N o oF THEo D R R E |
REMARK |
|---|---|---|
| sA139t23 70t05t74 |
CounselforAppticanthasfited anapptication for withdrawalofSA supportedwithaffidavitofShri Pradeep KumarJain AppticantNo.-2on28/11/23. lt isstatedthattheAppticantshavefited thepresentSA assai[ingtheactioninitiatedbytheRespondent-Bank undertheSecuritisationAct.ltisfurtherstatedthat duringthependencyof theSAtheRespondent-Bank hasalsoobtained orderfromDMu/s14ofSARFAESI Act.ltisfurthersubmittedthatthematterhas been amicablesetttedbetweentheAppticantandthe Respondent-Bankand accordingtytheAppticantshave depositedthesetttement amountofRs.41Lacand theBank has issued NoDuesCertificate.TheCounsel fortheAppticantsfurtherpraysforwithdrawalofthe presentSAasthesame becomesinfructuous. ConsideringtheaffidavitoftheAppticantandthe submissionmadebytheCounselforApplicantsthat theAppticants havesetttedtheirloanaccountsby depositofRs.41Lactowardsfullandfinal settlement,thepresentSA stands disposedofas withdrawn.Recordbeconsignedto therecordroom. Appticantsby ShriSachinJain,Advocate RespondentBank byMsShatini Choudhary, Advocate |
|
| (Ram NiwasPatet) Presidingofficer |
2 provisions across 2 enactments
Applicants
Respondent-Bank
Ram Niwas Patet
As recorded by the court registry
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