Debts Recovery Tribunal dismissed the applicant's Stay Application after an amicable settlement with the respondent bank, upon deposit of Rs. 1.5 crore and issuance of a No Dues Certificate, treating the matter as settled.
Stay Application allowed as withdrawn; matter disposed of as settled amicably.
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Debts Recovery Tribunal-3, Kolkata Order Sheet
( Co ntin u atio n )
case No. SA/435/ 20 21 M/s Lovely Promoters Pvt. Ltd. vs. Tata capital Financial Services Ltd.
Date of Order
Order with signature
Ordel Na. 3 Present: Dt. t2l0612024 For App|cant Mr. Debasrsh Karmakar along with Sl. No.29 Ms A Nandr, Ld. Counsel For DeFendant :lvls. A Chopra alongwrthIYs. R Pal,Ld counsels
Ld Counsel for lhe Applrcantfrled LA.No. 2A36 of 2024 prayrng for wrthdrawal of the marn S.A. The applcatronrs supportedby Affrdavrt of the applrcant Mr.NavnectChrtlangra.Durrngthe pendency of the S.A. the malter has been settled wrth the Respondent Bank and an amount of Rs. 1,50,00,000/rs deposrted by the applrcant. Respondent Bank rs notgorng to contrnue wrth the rnst.rnt proccedrnq and has tssued a'No Dues Certrhcdte'. Srnce thrs rs an amrcable settlement between thepartres and the Applrcanl rrrtcnds to wrthdrdw lhc marn S.A., nopreludrce wrll be caused rf Lhe LA. rs allowed without rnvitingresponsefrom other srde. Accordrngly, the instant I a. rs allowed and stands drsposed of rn the aateqory of drsmrsscd as wrthdrawn as sctlled amrcably. LA. No. 2035 of 2024 berng the put uppetriron rs also drsposed of. S.A. No. 435 of 2022 along wrth all otherpcndrng LA.s, rf any, are drsposed of as wrlhdrawn.
Frle be consrgned to Record Room after obscrvrng all formalrtres.
( Kamal De ) Presrding OfFrcer DRT 3, Kolkata
M/s Lovely Promoters Pvt. Ltd.
Tata Capital Financial Services Ltd.
Kamal De
As recorded by the court registry
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