The Debts Recovery Tribunal dismissed the SARFAESI application for non-prosecution as the applicant voluntarily sought to settle the account with the bank and parties consented to disposal.
SARFAESI Application No. 334 of 2021 and pending IA No. 406, 659 of 2023 disposed of; cause list consigned.
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.
Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation)
Case No. sA/334/2.J22
Hit€mp Filt€rs Pvt. Ltd. Vs, Stat€ Bank of India
| DateofOrder | orderwithsignature |
|---|---|
| OrderNo.30 oL1toal2024 Sl.No.13 |
Present: ForApplicant: Ms.IChowdhurywith1.4s.SSen,Ld. Counsels ForOefendant:i4r. SMsingh,Ldcounsel ForPurchaser: Mr.AjitKeshari,LdCounsel |
| som | lnfilingthisinstantI.A.beingNo.2780of2024,ltisstatedbythe SARFAESIApplicantthattheyhave decidednottoproceedfurther andtheyaretryingtosettletheaccountwiththeResPondent Bank.Theyhave alreadysettledapartofthedebtswiththe RespondentBanktoavoidprotractedlitigation.Itisalsostated thatApplicants are no more interestedtoproceedfurther andhave prayedfordisposal ofthecasefornon-prosecution. Ld CounselappearingfortheRespondent Banksubmitsthatthey have noobjectionwhentheSARFAESIApplicantiswillingtosettle thematter and alsonotinterestedtoproceedwiththeS.A.Ld CounselfortheAudionPurchaseralso doesnothaveany objectiontotheI.A. |
| TheTribunal shouldnot standin thewaywhentheSARFAESI Applicant himself is notwllling toproceedwith thecase. Henceordered- S.A.being No.334of2021beandthesame is dismissedfornon- prosecutlon.Instant I.A.alongwithallotherpendinql.A.s, ifany, includingI.A.No.406 andI.A,No,659of2023, aredisposedof File beconsignedtoRecord Roomafterobservingall formalities. |
|
| (KamalDe) Presidingofficer DRT-3, Kolkata |
Hitamp Filters Pvt. Ltd.
State Bank of India
Purchaser
KamalDe
As recorded by the court registry
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