In the present matter, the applicant bank claimed settlement of dues. The Tribunal directed the Recovery Officer to close recovery proceedings and return original title documents to the bank.
Proceedings under RC No. 69/2021 to be closed and original documents returned to the bank.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 6
Case No.MA/168/2025 IN OA/1343/2019
HDFC BANK Vs M/S MSG TRADING COMPANY
Date: 28.10.2025.
Proceedings through hybrid mode Present:
Shri Akash Sharma, Counsel for the Applicant
Counsel for the applicant has filed this Misc. Application in OA no. 1343/2019 which was decided by this Tribunal on 11.01.2021 and he submitted that the matter has been settled with the applicant bank for Rs. 59,26,056.34, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 69/2021 may kindly be closed and return the original title documents.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 69/2021 and Registry is directed to return the original documents, if any, to the Authorized Officer of the applicant bank after acknowledgement of the same.
Accordingly, file of Misc. Application and Recovery Certificate be consigned to record. Copy of order be uploaded on website and sent to the Ld. Recovery Officer.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
HDFC BANK
M/S MSG TRADING COMPANY
Vimal Gupta
As recorded by the court registry
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