The Debts Recovery Tribunal Jaipur disposed of a miscellaneous application where the bank borrower settled the loan account. The court directed the Recovery Officer to close the pending recovery proceedings. File was consigned to the records.
Directed the Recovery Officer to close the proceedings of Recovery Certificate No. 263/2022.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 27
Case No.MA/211/2025 IN OA/71/2020
ICICI BANK LIMITED Vs MALUK SINGH
Date: 22.12.2025.
Proceedings through hybrid mode Present:
Shri Jitendra Choudhary, Counsel for the applicant
Counsel for the applicant has filed this Misc. Application in OA no. 71/2020 which was decided by this Tribunal on 30.03.2022. Counsel for the applicant submitted that during the recovery proceedings, the borrowers/ certificate debtors have approached the applicant for closure of the loan account and the matter has been settled for an amount of Rs. 26,68,779/-, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 263/2022 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 263/2022.
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
1 issue framed by the court
Whether pending recovery proceedings under Recovery Certificate No. 263/2022 may be closed upon settlement of the outstanding amount.
1 provisions across 1 enactments
ICICI BANK LIMITED
MALUK SINGH
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
