Debts Recovery Tribunal allowed amendment of cause title due to bank merger, dismissed the original application as withdrawn following amicable settlement and refund of court fee.
Withdrawal of the original application allowed with refund of court fee.
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Debts Recovery Tribunal-Il, Delhi
TAl88l2022
CORPORATION BANK Vs ANCL AND co. (INDIA) P LTD.
23.09.2024 Item no. 54 Present Sh. Vishnu Jaiwal, Proxy Counsel for Sh. Samrendra Kumar, Counsel for applicant bank None for defendants
Matter is taken through video conferen cingl Hybrid Mode.
IA no.234412024 filed by the applicant bank for amendment of the cause title of the oA consequent to merger of Corporation Bank with uBI, which is formal in nature, hence allowed. The amended memo of parties is taken on record. Registry is directed to amend the cause title.
IA no.268212024 has been filed by the applicant bank for withdrawal of the present TA.
The Ld. counsel for the applicant bank submits that the defendants have already paid the entire settlement amount to the applicant bank and the applicant bank has issued the No Dues certificate, hence nothing remains to recover against the defendants in the present original application. He further submits that he wish to withdraw the present rA. Ld. counsel for applicant bank also prayed for refund of the court fee.
In view of amicable settlement, IA no. zigzlzlz4 is allowed. TAl8Bl2022 is dismissed as withdrawn, being amicably setfled. Registry is directed to return the couft fee as per rules, Att the pending IAs stand disposed of.
File be consigned to record room.
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(susHrL KUMAT{ RASTOGT) PRESIDING OFNCER, DRT-II, Delhi
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Corporation Bank (uBI)
ANCL And co. (India) P Ltd.
Sushil Kumar Rastogi
As recorded by the court registry
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