Debts Recovery Tribunal disposed of an SARFAESI application as withdrawn by applicant following settlement and receipt of full dues by the bank, directing return of possession and title deeds.
Disposal of SA as withdrawn; direction to return possession and title deeds to borrower.
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DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Order Sheet (continuation) | ||
|---|---|---|
| Case No.SA- IA/2619/202 |
31-2023 4 RUMA PORE AND ANR Vs PUNJAB NATIONAL BANK |
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| Date of the Order |
Order with Signature | Office action with date and dated Signature of Parties when necessary |
| 19/11/2024 | Ld. Counsel Mr. D. C. Sarkar appears for Sarfaesi Applicant. Ld. Counsel Mr. Sovan Dutta appears for Respondent Bank. In the above said application it was stated that the Applicant has filed an application being aggrieved by the action of the bank. During pendency of the Recovery Proceedings there has been a settlement between the parties and the Bank has received full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by the Applicant and his signature is identified by Advocate on record. Ld. Advocate for the Applicant Bank also prays for direction upon the Bank for return of title deed. In view of this, no prejudice will be caused to the SA Respondent if their response is dispensed with in this IA. This instant SA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. Respondent Bank is directed to return the title deeds to the Applicant ,if it is not required for other purpose. Respondent Bank is directed to return the possesion of the property to the borrower as the matter is settled. (Ambuja Mohan Das) Presiding Officer |
(Sp)
DEBTS RECOVERY TRIBUNAL 1, KOLKATA
(Sp)
Ruma Pore and anr
Punjab National Bank
Ambuja Mohan Das
As recorded by the court registry
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